Question
Locate the Treasury issue in Figure 6.3 maturing in November 2043. Assume a par value of $1,000. What is its coupon rate? (Do not round
Locate the Treasury issue in Figure 6.3 maturing in November 2043. Assume a par value of $1,000. 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.) Coupon rate % What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Bid price $ What was the previous days asked price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Asked price
U.S. Treasury Quotes Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time. FIGURE 6.3 Sample Wall Street Journal U.S. Treasury note and bond prices Asked Maturity Coupon 3.125 1.625 Asked Ch -0.0234 0.0078 -0.0625 -0.0781 -0.1797 -0.1563 -0.1328 0.1719 1/31/2017 3/15/2018 3/31/2019 8/15/2022 11/15/2024 2/15/2025 2/15/2026 11/15/2027 8/15/2028 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 2/15/2038 11/15/2039 2/15/2040 5/15/2041 8/15/2042 11/15/2043 11/15/2044 2/15/2045 104.6563 99.8047 100.8047 97.8281 147.6797 99.0078 137.3203 142.3906 136.7344 146.1719 149.4063 139.3828 132.8906 137.3047 130.9375 131.6406 136.4375 133.1250 101.1406 121.5703 106.3125 96.0313 104.6719 99.8203 100.8203 97.8438 147.6953 99.0234 137.3828 142.4531 136.7969 146.2344 149.4688 139.4453 132.9531 137.3672 1.061 1.625 2.038 2.110 2.142 2.253 2.298 directly 2.331 2.353 government, go to www. 2.383 2.473 2.521 2.576 2.623 2.622 6.125 To buy Treasury bonds directly from the 6.125 5.375 treasurydirect.gov. -0.0625 -0.1797 -0.2500 -0.2578 -0.2891 -0.2578 -0.3359 -0.3438 0.4375 4.375 4.375 4.625 4.375 131.6719 136.4688 133.1563 1.1719 2.689 2.667 121.6016 106.3438 96.0625 2.500 2.693 e: www.wsj.com, 3/13/2015Step by Step Solution
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