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?
A)£960.68
B)£986.69
C)£1,010.35
D)£1,034.40
E)£1,038.99

Question

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The Answer of 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?
A)£960.68
B)£986.69
C)£1,010.35
D)£1,034.40
E)£1,038.99

A Treasury Note with a Maturity of 2 Years Pays