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1 Refer to figure 23 and look at the Treasury bond maturing in May 2030, a. How much would you have to pay to purchase

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1 Refer to figure 23 and look at the Treasury bond maturing in May 2030, a. How much would you have to pay to purchase one of these bonds? (Do not round intermediate calculations. Round your answ to 3 decimal places.) Answer is complete but not entirely correct. Price paid $ 152,400.900 b. What is its coupon rate? (Round your answer to 3 decimal places.) Coupon rate % c. What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Yield to maturity LISTING OF TREASURY ISSUES MATURITY COUPON May 15, 2018 1.000 May 15, 2019 0.875 Feb 15, 2021 7.875 Aug 15, 2025 2.000 May 15, 2030 6.250 Nov 15, 2041 3.125 May 15, 2046 2.500 BID 100.3984 99.8125 130.5781 102.2813 152.3984 111.7891 97.9922 ASKED 100.4141 99.8281 130.5938 102.2969 152.4609 111.8203 98.0234 ASKED YLD CHG TO MAT -0.0859 0.791 -0.0859 0.933 -0.2656 1.225 -0.3438 1.730 -0.7969 1.950 -0.8750 2.496 -0.9063 2.595 Figure 2.3 Listing of Treasury bonds and notes Source: Compiled from data obtained from The Woll Street Journal Online, May 16, 2016

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