Calculate the value of the treasury note


Problem:

Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with five years to maturity (YTM) has a coupon rate of 5%. The yield to maturity of the bond is 7.70%.

Task:

Question 1: Using this information and ignoring the other costs involved, calculate the value of the Treasury note. Please provide full descriptions.

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Finance Basics: Calculate the value of the treasury note
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