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Calculate price of treasury note with accrued interest

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Reference no: EM133061912

Assume that the Wall Street Journal lists that a $1,000 face value, 8 years to maturity Treasury note is selling for a 117:17. Treasury note ($1,000 principal) has 7.250% annual coupon rate, paid semi-annually. The T-note was purchased 75 days after the last coupon payment. The current coupon period contains 183 days. Calculate the price of Treasury note with accrued interest.

Please round the final answer to two decimal places.

Reference no: EM133061912

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