Refer again to Table 6–1. (LG 6-2)

a. Verify the asked price on the 0.875 percent November 30, 2017 T-note for Monday, May 23, 2016. The asked yield on the note is 0.849 percent and the note matures on November 30, 2017. Settlement occurs one business day after purchase (i.e., you would take possession of the note on Wednesday, May 24, 2016).

b. Verify the asked yield on the 0.625 percent July 31, 2017 T-note for May 23, 2016. The asked price is 99.8047 and the note matures on July 31, 2017.

AppendixLO1