What is the current market price of t-bond

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You have purchased a $10,000 Face or Par Value 20-year T-bond. This 20-year T-bond pays a 3.25% coupon (paid semi-annually) and has a Yield to Maturity to equal to 3.75%. Assume you purchased this 20-year T-bond for $10,000. If five (5) years after your initial purchase date the Yield to Maturity of this T-bond has decreased by 75 basis points (or by 0.75%), then what is the current market price of this T-bond?

Reference no: EM132644844

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