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Locate the Treasury issue in Figure 7.5 maturing in August 2049. Assume a par value of $10,000. a. What is its coupon rate? (Enter your

Locate the Treasury issue in Figure 7.5 maturing in August 2049. Assume a par value of $10,000.

a. What is its coupon rate? (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 2 decimal places, e.g., 32.16.)
c. What was the previous days asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

FIGURE 7.5 Sample Wall Street Journal U.S. Treasury Note and Bond Prices

Treasury Notes and Bonds
Maturity Coupon Bid Asked Chg Asked Yield
5/15/2020 8.75 103.18 103.184 0.022 1.649
12/31/2020 2.5 100.294 100.3 0.006 1.661
9/30/2021 1.125 98.304 98.31 0.102 1.684
4/30/2022 1.75 100.05 100.054 0.008 1.679
12/31/2022 2.125 101.096 101.102 0.002 1.69
1/31/2023 1.75 100.042 100.046 0.006 1.702
3/31/2023 2.5 102.194 102 0.002 1.698
7/31/2023 1.25 98.114 98.12 0.004 1.703
4/30/2024 2 101.036 101.042 0.006 1.735
5/31/2024 2 101.066 101.072 0.004 1.719
1/31/2025 2.5 103.202 103.206 0.004 1.765
10/31/2025 3 106.212 106.216 0.002 1.814
11/15/2026 6.5 130.2 130.21 0.030 1.821
8/15/2027 6.375 132.17 132.18 0.022 1.85
2/15/2029 2.625 105.296 105.306 0.008 1.919
2/15/2031 5.375 134.14 134.16 0.036 1.947
2/15/2036 4.5 132.23 132.25 0.770 2.108
2/15/2037 5 141.22 141.24 0.094 2.131
5/15/2038 4.5 135.026 136.046 0.074 2.182
2/15/2039 3.5 119.214 119.234 0.076 2.233
5/15/2040 4.375 134.034 135.054 0.078 2.28
8/15/2041 3.75 123.23 123.25 0.786 2.348
8/15/2042 2.75 106.094 106.114 0.080 2.386
11/15/2042 2.75 106.082 106.102 0.082 2.391
2/15/2043 3.125 113 113.02 0.760 2.39
5/15/2043 2.875 108.152 1008.172 0.094 2.398
8/15/2044 3.125 113.116 113.136 0.078 2.402
11/15/2045 3 111.136 111.156 0.080 2.403
2/15/2046 2.5 101.174 101.194 0.080 2.417
5/15/2047 3 111.25 111.27 0.760 2.409
8/15/2049 2.25 96.16 96.18 0.074 2.413

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