FIGURE 7.5 Sample Wall Street Journal U.S. Treasury Note and Bond Prices Treasury Notes and Bonds Bid Maturity 5/15/2020 12/31/2020 Coupon 8.75 Asked 103.184 Chg -0.022 Asked Yield 1.649 103.18 100.294 2.5 -0.006 0.102 1.661 1.684 9/30/2021 1.125 0.008 98.304 100.05 101.096 4/30/2022 12/31/2022 1/31/2023 1.679 1.75 2.125 1.69 1.75 0.002 0.006 0.002 1.702 100.3 98.31 100.054 101.102 100.046 102 98.12 101.042 101.072 103.206 3/31/2023 2.5 1.698 0.004 1.25 2 2 -0.006 0.004 100.042 102.194 98.114 101.036 101.066 103.202 106.212 130.2 132.17 105.296 134.14 7/31/2023 4/30/2024 5/31/2024 1/31/2025 10/31/2025 11/15/2026 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 5/15/2038 2/15/2039 5/15/2040 8/15/2041 1.703 1.735 1.719 1.765 1.814 1.821 1.85 1.919 106.216 2.5 3 6.5 6.375 2.625 5.375 4.5 5 4.5 3.5 4.375 3.75 130.21 132.18 105.306 134.16 132.25 -0.004 -0.002 -0.030 -0.022 -0.008 -0.036 -0.770 -0.094 -0.074 -0.076 -0.078 -0.786 1.947 132.23 141.22 135.026 141.24 136.046 2.108 2.131 2.182 2.233 119.214 id 2 134.034 123.23 119.234 135.054 123.25 2.28 2.348 nurinn Calendar 1.75 2.5 1.25 2 100.046 102 98.12 101.042 101.072 103.206 106.216 2 2.5 3 1.702 1.698 1.703 1.735 1.719 1.765 1.814 1.821 1.85 1.919 1.947 100.042 102.194 98.114 101.036 101.066 103.202 106.212 130.2 132.17 105.296 134.14 132.23 141.22 135.026 130.21 6.5 6.375 2.625 5.375 132.18 105.306 134.16 132.25 141.24 0.006 0.002 0.004 -0.006 0.004 -0.004 -0.002 -0.030 -0.022 -0.008 -0.036 -0.770 -0.094 -0.074 -0.076 -0.078 -0.786 -0.080 -0.082 1/31/2023 3/31/2023 7/31/2023 4/30/2024 5/31/2024 1/31/2025 10/31/2025 11/15/2026 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 5/15/2038 2/15/2039 5/15/2040 8/15/2041 8/15/2042 11/15/2042 2/15/2043 5/15/2043 8/15/2044 11/15/2045 2/15/2046 5/15/2047 8/15/2049 4.5 5 136.046 4.5 3.5 119.234 119.214 134.034 123.23 2.108 2.131 2.182 2.233 2.28 2.348 2.386 2.391 2.39 106.094 -0.760 4.375 3.75 2.75 2.75 3.125 2.875 3.125 3 2.5 3 135.054 123.25 106.114 106.102 113.02 1008.172 113.136 111.156 101.194 111.27 96.18 106.082 113 108.152 113.116 111.136 101.174 111.25 96.16 ki -0.094 -0.078 -0.080 -0.080 -0.760 -0.074 2.398 2.402 2.403 2.417 2.409 2.413 ovi 12 2.25 8 Locate the Treasury bond in Figure 7.5 maturing in May 2037. Assume a $10,000 par value. 1 points a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Print premium % a. Premium or discount bond b. Current yield c. Yield to maturity d. Bid-ask spread %
