Question
On 3/31/19, you buy $100,000 face amount of a new issue treasury note with a 2.70% coupon at par. The notes mature on 3/31/29. Bear
On 3/31/19, you buy $100,000 face amount of a new issue treasury note with a 2.70% coupon at par. The notes mature on 3/31/29. Bear in mind that treasury notes, and most notes and bonds, pay a coupon every six months.
On 3/31/20, the 9 year treasury yield is 2.45%. What is the market value of your notes?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
