Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 23 points eBook Locate the Treasury issue in Figure 6.3 maturing in February 2029. Assume a par value of $1,000. a. What is

image text in transcribedimage text in transcribed

8 23 points eBook Locate the Treasury issue in Figure 6.3 maturing in February 2029. Assume a par value of $1,000. a. What is its coupon rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) c. What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) a. Coupon rate Print b. Bid price C. Asked price +% References U.S. Treasury Quotes Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time. FIGURE 6.3 Sample Wall Street Journal U.S. Treasury note and bond prices Asked Maturity Coupon Bid Asked Chg Yield 1/31/2019 1.500 99.5469 99.5625 -0.0078 2.205 12/31/2021 2.125 97.8906 97.9063 0.0703 2.749 1/31/2022 1.500 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 1/31/2025 2.500 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 5/15/2040 4.375 121.5313 121.5938 0.7500 3.021 8/15/2041 3.750 111.6875 111.7500 0.7500 3.040 5/15/2042 3.000 99.1875 99.2188. 0.7266 3.046 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 5/15/2047 3.000 98.7578 98.7891 0.6953 3.063 5/15/2048 3.125 101.1875 101.2188 0.7422 3.062 Source: www.wsj.com, 6/14/2018.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Frederick D. Choi, Gary K. Meek

7th Edition

978-0136111474, 0136111475

Students also viewed these Finance questions

Question

Discuss the three levels of ethical standards. LO56

Answered: 1 week ago

Question

Is there any other possible conclusion?

Answered: 1 week ago