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How much can jenna sell her treasury bond

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Reference no: EM133465921

Question

Suppose Jenna's Treasury bond has a coupon interest rate of 6.5%, paid semiannually, while current Treasury bonds with the same maturity date have a yield to maturity of 5.4435% (expressed as an APR with semiannual compounding). If she has just received the bond's tenth coupon, for how much can Jenna sell her treasury bond?

Reference no: EM133465921

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