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Locate the Treasury issue in Figure 5.4 maturing in August 2040. Assume a par value of $1,000. a. What is its coupon rate? (Do not
Locate the Treasury issue in Figure 5.4 maturing in August 2040. 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 3 decimal places, e.g., 32.161.) 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.) FIGURE 5.4 Sample Wall Street Journal U.S. Treasury Bon Prices Source: www.wsj.com, January 3, 2019
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