6. Currently a 20-year Treasury bond with 4% semiannual coupon is traded at a yield...
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6. Currently a 20-year Treasury bond with 4% semiannual coupon is traded at a yield of 5% (APR). (1) Is the price above or below 100? (2) Calculate the current price of the bond. (3) If the yield increased by 0.1%, how much would the price change? Would the price increase or decrease
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