What is price of australian treasury bond

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Problem 1: The 31-year Australian Treasury Bond is currently trading at a yield to maturity of 1.92% p.a. with semiannual compounding. The bond pays a semiannual coupon of 1.75% p.a. and has a face value of $1,000,000. What is its price (rounded to the nearest dollar)?

Reference no: EM132623917

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