Assume that the Wall Street Journal lists that a $1,000 face value, 9 years to maturity Treasury note is selling for a 9

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answerhappygod
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Assume that the Wall Street Journal lists that a $1,000 face value, 9 years to maturity Treasury note is selling for a 9

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Assume that the Wall Street Journal lists that a $1,000 face
value, 9 years to maturity Treasury note is selling for a 97:18.
Treasury note ($1,000 principal) has 1.500% annual coupon rate,
paid semi-annually. The T-note was purchased 96 days after the last
coupon payment. The current coupon period contains 182 days.
Calculate the price of Treasury note with accrued interest.
Please round the final answer to two decimal
places.
Your Answer:
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