FIGURE 10.1 Prices and yields of U.S. Treasury bonds, February 15, 2017 Source: The Wall Street Ask yield Maturity Coupon Bid 15-Feb-2018 31-Dec-2020 3.500 1.750 102.5000 Ask 102.5156 -0.0547 Chg to maturity 0.959 99.7188 99.7344 -0.1406 1.821 Journal Online, April 22, 15-Nov-2022 2017. 1.625 15-Feb-2026 1.625 92.9141 92.9297 -0.2734 15-Feb-2026 6.000 128.4922 128.5078 -0.3438 15-May-2030 6.250 140.5547 140.6172 -0.4453 15-Nov-2043 3.750 112.3984 112.4297 -0.7734 15-Feb-2047 3.000 98.2500 98.2813 -0.5703 97.0938 97.1094 -0.2188 2.163 2.508 2.450 2.604 3.065 3.088 Referring to highlighted bond matures on 15-Feb-2047, a. What is the interest payment will be received by bondholders annually? What is the interest payment in semi-annual form? (3 marks) b. What is the ask price for this bond? (3 marks) c. Consider a bond matures on 15-Feb-2047 with the following characteristics: Semi-annual payments, coupon rate of 3%, $1,000 par value. If 30 days have passed since the last coupon payment, and there are 180 days in the semiannual coupon period, what is the accrued interest? (3 marks) Accrued interest = Annual coupon payment X 2 Days since last coupon payment Days separating coupon payments d. If the quoted price of the bond is $ 982.813, what is the invoice price? (3 marks)