Business, 20.09.2020 17:01 emm16045

In November 2017, Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.62%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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In November 2017, Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.6...

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