You are eyeing an investment in Treasury Notes for a full lot (i.e. PAR=$100,000), and...
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You are eyeing an investment in Treasury Notes for a full lot (i.e. PAR=$100,000), and find a note with a maturity of 5 years. This particular Treasury has a YTM of 1.11%, and a stated rate of interest of 0.96% with a maturity of 5 years. The market price of this treasury is closest to?
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