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Locate the Treasury bond in Figure 7.4 maturing in February 2045. Assume a $10,000 par value. a. Is this a premium or a discount bond?

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Locate the Treasury bond in Figure 7.4 maturing in February 2045. Assume a $10,000 par value. a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations. 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. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.162.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Premium or discount bond b. Current yield c. Yield to maturity d. Bid-ask spread % % Treasury Notes and Bonds Coupon Bid Asked Chg Asked Yield 1.160 1.250 0.875 100.1641 99.0859 98.6094 0.0391 0.0625 0.1016 1.286 1.125 1.558 100.1484 99.0703 98.5938 127,4844 99.9609 96.5703 8.125 0.2344 1.857 2.000 0.2266 2.004 1.500 0.2500 2.096 101.9375 127-5000 99.9766 96.5859 101.9531 135.8594 92.4922 136.8438 2.210 2.500 6.875 1.500 6.375 5.500 2.262 0.3125 0.3438 0.2969 0.4688 0.4531 2.380 2.414 130.3516 2.473 135.8438 92.4766 136.8281 130.2891 128.1563 128.7578 139.1875 142.5781 5.250 2.485 0.4453 0.4609 5-250 Maturity 11/15/2018 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 215/2029 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 B/15/2039 2/15/0046 11/15/2040 22041 12/15/2012 15/2043 2043 2.478 128.2188 128.8203 139.2500 1.42.6-306 6.125 0.5391 2.478 6.250 2.478 0.5938 0.5625 5:375 2.470 2.618 4.500 0.7031 2.688 -4.750 5.000 4.500 3.500 1.500 4.625 2.690 13-3138 128.0781 131.7801 135.9531 128.0625 110.9844 1274922 1978 18333 12.4688 131. 1063 128.1406 181.8516 136.0156 128.1250 111.0469 0.7500 0.7656 0.6875 0.6406 0.7311 127-5512 129.7813 133.4063 132.5000 103328 2.719 2.824 2.839 2.855 5 0.7429 0.7578 4.750 3145 0.65 4.93 3:12 103:1710 27 3744 112.00 11258 1873 Treasury Notes and Bonds Asked Yield Coupon Bid Asked Chg 0.0391 1.160 1.250 0.875 1.286 0.0625 0.1016 1.125 1.558 1.857 8.125 0.2344 2.000 0.2266 2.004 100.1641 99.0859 98.6094 127.5000 99.9766 96.5859 101.9531 135.8594 92.4922 136.8438 0.2500 2.096 0.3125 Maturity 11/15/2018 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 B/15/2020 5/15/2030 2/15/2031 2.210 2.262 1.500 2.500 6.875 1.500 6.375 5.500 0.3438 0.2969 0.4688 2.380 100.1484 99.0703 98.5938 127.4844 99.9609 96.5703 101.9375 135.8438 92.4766 136.8281 130.2891 128.1563 128.7578 139.1875 142-5781 1313438 128.0781 131.7891 135-9531 128.0625 110.9844 130.3516 0.4531 2473 2.485 5.250 128.2188 128.8203 139.2500 0453 7.4609 5.250 0.5391 6.5938 12.6405 2.78 5-375 130.1063 0.3625 2.470 128.1406 031 4.500 22.018 0.7500 2.685 4.750 0.7656 2.600 5.000 131.8516 1:36.0156 T28.1250 111.0469 45500 0.08 01.6406 3 500 2/15/2037 5/15/2037 5/35 2038 1:15:2039 1612039 2520 1112 212041 1:27. 1922 0.713-14 1.500 1975542 109.7813 109.88 0.07453 38:14 2.834 2.855 11.885 2.872 4150 13.03 14 07 4750 152 1325000 . 2.90 101 til 1033H 719 101406 HT D. CS 2.950 2963 58 2.139 ch 1.286 0.875 1.125 8.125 0.0625 0.1016 1.558 99.0703 98.5938 127-4844 99.9609 96.5703 99.0859 98.6094 127.5000 99.9766 96.5859 0.2344 0.2266 2.000 1.857 2.004 2.096 2.210 1.500 101.9375 101.9531 0.2500 0.3125 0.3438 0.2969 0.4688 2.262 2.380 2.414 0.4531 2.473 2.500 6.875 1.500 6.375 5.500 5.250 5.250 6.125 6.250 5.375 4-500 0.4453 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 8/15/2020 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 B/15/2039 2/15/2040 11/15/2040 2/15/2041 2/15/20 2/15/2043 5:15/2013 2715 2014 2.485 2.478 135.8594 92.4922 136.8438 130.3516 128.2188 128.8203 139:2500 142.6,106 134-4063 128.1406 131.8516 136.0156 128.1250 111.0460 2.478 2.478 135.8438 92.4766 136.8281 130.2891 128.1563 128.7578 139.1875 142.5781 134-3438 128.0781 131.7891 135-9531 128.0625 110,9844 12741922 129.7188 13:04:38 1321688 2.470 0.4609 0.5391 0.5938 0.5625 0.7091 0.7500 0.7656 0.6875 0.6406 2.618 2.688 4.750 5.000 2.690 4-500 3500 4-500 4.625 127-5517 129.7813 123.4063 2.749 2.894 2.839 2.855 2.885 0.7341 0.6953 0.7490 0.7578 0.0184 4950 4.750 2.872 2.934 103.3516 103 1406 3594 132.5000 1033838 103.1719 98.9906 0.02:10 2.950 0.5625 2.95 2875 05 500 800 112578 21939 ZN 13 0.875 1296 1.125 0.0625 0.1016 0.2344 0.2266 1.558 1.857 8.125 99.0859 98.6004 127.5000 99.9766 96.5859 101.9531 135.8594 2000 2.004 2.096 0.2500) 1.500 2.500 6.875 2.210 2.262 0.3125 0.3438 0.2969 0.4688 0.4531 1500 6.375 5.500 2.380 2.414 2.473 5.250 0.4433 0.4609 5.250 2.485 2.478 2.478 6.125 0.3.301 6.250 2.478 4/5/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 8/15/2039 2/15/204) 1/15/20146 215/2041 2/15 2012 2/15/20143 5:15:26043 2/15/14044 1111111 99.0703 98.5938 127.4844 99.9609 96.5703 101.9375 1.35.8438 92.4766 136.8281 130.2891 128.1563 128.7578 139.1875 142.5781 134-3438 128.0781 131.7891 135.9531 128.0625 110.0844 127.4922 129.7188 12.3.3438 1324688 10.1516 103.1406 14.39] 11.2.266) 1979-758 0.5934 0.5625 2.10 5-375 4500 7091 9.618 2.68 4750 15.ADO 92.4922 136.8438 130.3516 128.2188 128.8203 139.2500 142.6406 134-40D3 128.1496 131.85 16 136.1156 128.1250 11.0460) 127.5517 129. B13 123.106.3 12.5000 10.3.3828 103.1710 98.3006 | 12:58 30.7861 2.600 0.7500 0.7056 10.6875 (1.6406 2,749 4-50US 2.54 3.50 4.500 4.625 2.3349 2.855 2.85s 453 23 4.SO 0.73 1.195 14.22 0.78 1.6-4-4 3.6254 3025 11.0.A. T. Thin 2.190 32 2005 3.19 2.87 2. Tab 2.11 21 19 ) 2015- 2011 5.250 5.250 128.1563 128.7578 139.1875 142.5781 134-3438 128.0781 131.7891 6.125 6.250 0.4453 0.4609 0.5391 0.5938 0.5625 2.485 2.478 2.478 2.478 2.470 5-375 4.500 2.618 0.7031 2.688 4.750 0.7500 0.7656 2.690 5.000 135.9531 2.749 4-500 11/15/2028 2/15/2029 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 8/15/2039 2/15/2040 11/15/2040 2/15/2041 2/15/2042 2/15/2043 5/15/2043 2/15/2044 2/15/2045 11/15/2046 3.500 4-500 4.625 128.2188 128.8203 139.2500 142.6406 134.4063 128.1406 131.8516 136.0156 128.1250 111.0469 127.5547 129.7813 123.4063 132.5000 103.3828 103.1719 98.3906 112.7578 90.7891 08.1484 0.6875 0.6406 0.7344 0.6953 2.824 2.839 2.855 0.7422 4.250 4.750 128.0625 110.9844 127.4922 129.7188 123.3438 132.4688 103.3516 103.1406 98.3594 112.7266 [00.7578 08.1172 2.885 2.872 2.934 3.125 0.7578 0.6484 0.6250 0.5625 0.6484 0.6016 2.950 2.063 3.125 2,875 3.625 2.9.39 2.087 2.500 0.0719 2.069 2.875

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