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Given the following information for US Treasury strips (assume annual coupon payment) with settlement date...

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Accounting

Given the following information for US Treasury strips (assume annual coupon payment) with settlement date 12/31/2022.

Maturity Yield
12/31/2023 1%
12/31/2024 2.00%
12/31/2025 2.50%
12/31/2026 2.70%
12/31/2027 2.90%
12/31/2028 3.00%

Consider a 5-year Treasury note with 0.5% annual coupon payment that is traded on 12/31/2022.

What is the yield to maturity of this bond?

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