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A 2-Year T-Note Has a Face Value of $1,000 and Pays

Question 28

Multiple Choice

A 2-year T-Note has a face value of $1,000 and pays annual coupons of $75.The next coupon is due in one year.What is the correct price for the coupon bond today? Use the term structure of interest rates shown below to answer the question.
A 2-year T-Note has a face value of $1,000 and pays annual coupons of $75.The next coupon is due in one year.What is the correct price for the coupon bond today? Use the term structure of interest rates shown below to answer the question. A) $982 B) $992 C) $1,002 D) $1,012 E) $1,022


A) $982
B) $992
C) $1,002
D) $1,012
E) $1,022

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