Determine the unknown variable

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Question: You have just purchased a Treasury Note for $1,035 that will mature in ten years. The bond has a coupon rate of 2.35%. What is its YTM? Keep-in-mind that interest rates on bonds are paid semi-annually.

Hint: As long as you know the values for four of the five variables, you can determine the unknown variable.

Reference no: EM132062613

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