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2. Refer to Figure 2.3 and look at the Treasury bond maturing in February 2043./ Maturity Coupon Bid FIGURE 2.3 Listing of Treasury bond issues

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2. Refer to Figure 2.3 and look at the Treasury bond maturing in February 2043./ Maturity Coupon Bid FIGURE 2.3 Listing of Treasury bond issues Se all war Am Asked yield to maturity Asked Change April 15. 2019 May 31, 2020 May 31, 2022 February 15, 2031 February 15, 2043 February 15, 2047 0.875 1 500 1875 5.315 3.125 3.000 99.3828 10013047 1006797 136 5313 105.4531 103,1792 99.3984 1003203 100.6953 136.5938 105.4844 103.2109 0.0547 0.1719 0.3750 111797 1.5313 1.5313 1.182 1.394 1732 2.275 2824 2840 Use the table above and answer a, b, and c: a. How much would you have to pay to purchase one of these bonds? (Round your answer to 2 decimal places.) b. What is its coupon rate? (Round your answer to 3 decimal places.) c. What is the current yield (i.e. coupon income as a fraction of bond price) of the bond? (Round your answer to 2 decimal places.)

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