(Answered) Assume that a 1000000 par value semiannual coupon us

Economics

Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 6%. The yield to maturity of the bond is 11.00%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note. Please enter your answer to the nearest dollar.

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