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14 Refer to Figure 2.3 and look at the Treasury bond maturing in February 2036. a. How much would you have to pay to purchase

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14 Refer to Figure 2.3 and look at the Treasury bond maturing in February 2036. a. How much would you have to pay to purchase one of these bonds? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Price paid 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 ASKED YIELD TO CHANGE MATURITY MATURITY COUPON BID ASKED 2.750 100.0547 0.0078 2.256 15-Feb-2019 30-Apr-2021 15-May-2023 15-Aug-2029 15-Feb-2036 2.250 1.750 6.125 100.0391 99.7500 97.4531 99.7656 97.4688 0.2344 0.4766 1.1406 2.354 2.364 132.7266 132.7891 2.575 4.500 125.4688 125.5313 1.5391 2.637 15-Aug-2048 3.000 101.8984 101.9297 1.5391 2.902 Figure 2.3 Listing of Treasury bonds and notes Source: The Wall Street Journal Online, January 3, 2019

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