A treasury note with a maturity of 2 years pays interest, Financial Management

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A treasury note with a maturity of 2 years pays interest

A Treasury note with a maturity of 2 years pays interest semi-annually on a 9 percent annual coupon rate. The $1,000 face value is returned at maturity. If the effective annual yield for all maturities is 7 percent annually, what is the current price of the Treasury note?

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Financial Management: A treasury note with a maturity of 2 years pays interest

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Financial Management: A treasury note with a maturity of 2 years pays interest

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