A U.S.Treasury bond has a face value of $10,000,a coupon rate of 4 percent compounded semiannually,a yield to maturity of 4.15 percent,and 18 years until maturity.What is the clean price quote of this bond?

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Bond value = [(.04 × $10,000)/2] × ({1 - 1/[1 + (.0415/2)]^{18 × 2}}/(.0415/2))+ {$1,000/[1 + (.0415/2)]^{18 × 2}} = $9,811.12 Bond quote = ($9,811.12/$10,000)= .981112,or 98.1112 percentBonds are quoted as a percentage of face value;so the quoted price is 98.1112

A USTreasury Bond Has a Face Value of $10,000,a Coupon Rate