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Locate the Treasury issue in Figure 7.5 maturing in May 2037. 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 May 2037. 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 day's asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) % a. Coupon rate b. Bid price c. Previous day's price FIGURE 7.5 Sample Wall Street Journal U.S. Treasury Note and Bond Prices Treasury Notes and Bonds Asked Yield Coupon Bid Asked Chg Maturity 5/15/2020 8.75 103.18 103.184 -0.022 1.649 12/31/2020 2.5 100.294 1.661 100.3 98.31 1.125 98.304 1.684 9/30/2021 4/30/2022 -0.006 0.102 0.008 0.002 1.75 100.05 100.054 1.679 12/31/2022 2.125 101.096 101.102 1.69 1.75 100.046 0.006 1.702 100.042 102.194 2.5 102 0.002 1.698 1.25 98.12 0.004 1.703 1/31/2023 3/31/2023 7/31/2023 4/30/2024 5/31/2024 1/31/2025 98.114 101.036 2 101.042 1.735 -0.006 0.004 2 101.066 1.719 1.765 2.5 -0.004 103.202 106.212 10/31/2025 101.072 103.206 106.216 130.21 132.18 -0.002 3 6.5 6.375 1.814 1.821 11/15/2026 130.2 132.17 1.85 2.625 105.296 1.919 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 -0.030 -0.022 -0.008 -0.036 -0.770 -0.094 5.375 105.306 134.16 132.25 134.14 1.947 4.5 132.23 5 2.108 2.131 141.22 141.24 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 2.398 2.402 3.125 113.116 113.136 -0.094 -0.078 -0.080 8/15/2044 11/15/2045 3 111.136 111.156 2.403 2/15/2046 2.5 101.174 101.194 -0.080 2.417 3 111.25 111.27 -0.760 2.409 5/15/2047 8/15/2049 2.25 96.16 96.18 -0.074 2.413
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