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Locate the Treasury issue in maturing in May 2039. Assume a par value of $1,000. a. What is its coupon rate? Note: Do not round
Locate the Treasury issue in maturing in May 2039. Assume a par value of $1,000. a. What is its coupon rate? Note: 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? Note: 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? Note: Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161. Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time. Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices Source: www.wsj.com, January 22, 2021
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