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Problem 7 - 1 6 Using Treasury Quotes [ LO 2 ] Locate the Treasury issue in Figure 7 . 5 maturing in August 2

Problem 7-16 Using Treasury Quotes [LO2]
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.)
Data is Sorted Maturity, Coupon, Bid, Ask, Change, and Asked Yield
8/15/20443.125113.116113.1360.0782.402
11/15/20453111.136111.1560.0802.403
2/15/20462.5101.174101.1940.0802.417
5/15/20473111.25111.270.7602.409
8/15/20492.2596.1696.180.0742.413

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