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A newly issued U.S. Federal? T-Note matures in exactly 9 years. The coupon rate is 3.5?%...

A newly issued U.S. Federal? T-Note matures in exactly 9 years. The coupon rate is 3.5?% per year and coupons are paid semiannually. The bond is priced at 104.26 ?(per $100 of face? value) and yields 2.96?%. The economy is slowing and many forecasters predict a recession. You expect that the monetary authorities will relax monetary policy which will cause interest rates to fall. You expect the yield on the 9?-year bond to fall to 2.46?%. The bond has a face value of? $1M. If you want to earn? $1M by investing in bonds to profit from the interest rate? change, how many bonds do you? buy???

In order to earn? $1M by investing in? bonds, you need to buy nothing bonds.???(Round up to the nearest whole? number.)

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