Assume that a $1,000,000 par value, semiannual coupon U. S. Treasury note with two years to maturity has a coupon rate of 6%. The yield to maturity (YTM) of the bond is 9.90%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note:
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Home » Business » Assume that a $1,000,000 par value, semiannual coupon U. S. Treasury note with two years to maturity has a coupon rate of 6%. The yield to maturity (YTM) of the bond is 9.90%.