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Locate the treasury issue in figure 6.3 maturing in December 2021. Assume a par value of $2,000. Locate the Treasury issue in Figure 6.3 maturing

Locate the treasury issue in figure 6.3 maturing in December 2021. Assume a par value of $2,000. image text in transcribedimage text in transcribed

Locate the Treasury issue in Figure 6.3 maturing in December 2021. Assume a par value of $2,000. 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.) a. Coupon rate % b. Bid price Asked price C. FIGURE 6.3 U.S. Treasury Quotes Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time. Sample Wall Street Journal U.S. Treasury note and bond prices Asked Yleld Maturity Coupon Bld Asked Chg 1/31/2019 12/31/2021 1/31/2022 2/28/2023 9/30/2023 2/29/2024 7/31/2024 1/31/2025 4/30/2025 11/15/2026 2/15/2029 5/15/2030 2/15/2036 5/15/2037 11/15/2039 5/15/2040 8/15/2041 5/15/2042 2/15/2043 2/15/2044 8/15/2046 5/15/2047 5/15/2048 1.500 2.125 1.500 2.625 1.375 2.125 2.125 2.500 2.875 6.500 5.250 6.250 4.500 5.000 4.375 4.375 3.750 3.000 3.125 3.625 2.250 3.000 3.125 99.5469 97.8906 95.6563 99.2109 92.7969 96. 1172 95.7344 97.6328 99.8359 126.6406 120.9453 132.8984 120.9375 129.0938 121.3047 121.5313 111.6875 99.1875 101.1641 110.0313 84.6797 98.7578 101.1875 99.5625 97.9063 95.6719 99.2266 92.8125 96.1328 95.7500 97.6484 99.8516 126.6563 121.0078 132.9609 121.0000 129. 1563 121.3672 121.5938 111.7500 99.2188 101.1953 1 10.0625 84.7109 98.7891 101.2188 -0.0078 0.0703 0.0547 0.1172 0.1172 0.1484 0.1172 0.1953 0.2109 0.3125 0.4063 0.4688 0.5625 0.6641 0.6953 0.7500 0.7500 0.7266 0.7344 0.6875 0.6016 0.6953 0.7422 2.205 2.749 2.762 2.801 2.847 2.864 2.887 2.892 2.899 2.906 2.941 2.949 2.964 2.973 3.014 3.021 3.040 3.046 3.056 3.056 3.064 3.063 3.062 Source: www.wsj.com, 6/14/2018

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