Locate the Treasury issue in Figure 6.3 maturing in February 2029. What is its coupon rate? What
Question:
Locate the Treasury issue in Figure 6.3 maturing in February 2029. What is its coupon rate? What is the dollar bid price for a $1,000 par value bond? What was the previous day?s asked price for a $1,000 par value bond?
Par ValuePar value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Asked Maturity Coupon Bid Asked Chg Yield 1/31/2019 1.500 99.5469 99.5625 -0.0078 2.205 12/31/2021 97.9063 2.125 97.8906 0.0703 2.749 1.500 1/31/2022 95.6563 95.6719 0.0547 2.762 2/28/2023 2.625 99.2109 99.2266 0.1172 2.801 9/30/2023 1.375 92.7969 92.8125 0.1172 2.847 2/29/2024 2.125 96.1172 96.1328 0.1484 2.864 7/31/2024 2.125 95.7344 95.7500 0.1172 2.887 2.500 1/31/2025 97.6328 97.6484 0.1953 2.892 4/30/2025 2.875 99.8359 99.8516 0.2109 2.899 11/15/2026 6.500 126.6406 126.6563 0.3125 2.906 2/15/2029 5.250 120.9453 121.0078 0.4063 2.941 5/15/2030 6.250 132.8984 132.9609 0.4688 2.949 2/15/2036 4.500 120.9375 121.0000 0.5625 2.964 5/15/2037 5.000 129.0938 129.1563 0.6641 2.973 11/15/2039 4.375 121.3047 121.3672 0.6953 3.014 3.021 5/15/2040 4.375 121.5313 121.5938 0.7500 8/15/2041 3.750 111.6875 111.7500 0.7500 3.040 5/15/2042 3.046 3.000 99.1875 99.2188 0.7266 2/15/2043 3.125 101.1641 101.1953 0.7344 3.056 2/15/2044 3.625 110.0313 110.0625 0.6875 3.056 8/15/2046 2.250 84.6797 84.7109 0.6016 3.064 3.063 5/15/2047 3.000 98.7578 98.7891 0.6953 3.125 101.2188 5/15/2048 101.1875 0.7422 3.062
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The coupon rate located in the second column of the quote is 525 The bid price is Bid p...View the full answer
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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