Take a look back at Figure 8.5. Notice the wide range of coupon rates. Why are they so different?

Data in Figure 8.5

Transcribed Image Text:

Maturity Coupon 7/15/2021 2.625 2/28/2022 1.125 101.146 1/15/2023 1.5 8/15/2024 2.375 9/30/2025 7/31/2026 1/31/2027 8/15/2028 2/15/2029 5/15/2030 8/15/2030 2/15/2031 2/15/2036 5/15/2038 11/15/2039 8/15/2040 11/15/2041 Bid Asked Chg 102.062 102.066 -0.002 101.152 -0.004 103.056 103.062 -0.016 108.162 108.166 -0.022 113.214 113.22 -0.042 108.262 108.266 -0.03 106.282 106.286 -0.002 118.116 118.126 -0.03 139.054 139.064 -0.03 99.316 100.006 -0.72 99.246 99.256 -0.046 5.375 148.094 148.104 -0.086 4.5 153.074 153.094 -0.062 4.5 158.102 158.122 -0.082 4.375 158.036 158.056 -0.068 3 1.875 1.5 2.875 5.25 0.625 0.625 1.125 99.266 3.125 137.004 137.024 99.286 -0.016 -0.032 Asked Yld 0.134 0.15 0.159 0.219 0.293 0.368 0.412 0.517 0.515 0.623 0.645 0.606 0.824 0.922 1.031 1.131 1.151