Problem $8-14$ Using Treasury Quotes Figure $8\mathrm{.}5$ Sample Wall Street Journal U$.$S$.$ Treasury Bond Prices

$\backslash$table$[[$Maturity$,$Coupon,Bid,Asked,Change,$\backslash$table$[[$Asked$],[$Yield$]]],[7/15/2021,2\mathrm{.}625,102\mathrm{.}062,102\mathrm{.}066,-0\mathrm{.}002,0\mathrm{.}134],[2/28/2022,1\mathrm{.}125,101\mathrm{.}146,101\mathrm{.}152,-0\mathrm{.}004,0\mathrm{.}15],[1/15/2023,1\mathrm{.}5,103\mathrm{.}056,103\mathrm{.}062,-0\mathrm{.}016,0\mathrm{.}159],[8/15/2024,2\mathrm{.}375,108\mathrm{.}162,108\mathrm{.}166,-0\mathrm{.}022,0\mathrm{.}219],[9/30/2025,3,113\mathrm{.}214,113\mathrm{.}22,-0\mathrm{.}042,0\mathrm{.}293],[7/31/2026,1\mathrm{.}875,108\mathrm{.}262,108\mathrm{.}266,-0\mathrm{.}03,0\mathrm{.}368],[1/31/2027,1\mathrm{.}5,106\mathrm{.}282,106\mathrm{.}286,-0\mathrm{.}002,0\mathrm{.}412],[8/15/2028,2\mathrm{.}875,118\mathrm{.}116,118\mathrm{.}126,-0\mathrm{.}03,0\mathrm{.}517],[2/15/2029,5\mathrm{.}25,139\mathrm{.}054,139\mathrm{.}064,-0\mathrm{.}03,0\mathrm{.}515],[5/15/2030,0\mathrm{.}625,99\mathrm{.}316,100\mathrm{.}006,-0\mathrm{.}72,0\mathrm{.}623],[8/15/2030,0\mathrm{.}625,99\mathrm{.}246,99\mathrm{.}256,-0\mathrm{.}046,0\mathrm{.}645],[2/15/2031,5\mathrm{.}375,148\mathrm{.}094,148\mathrm{.}104,-0\mathrm{.}086,0\mathrm{.}606],[2/15/2036,4\mathrm{.}5,153\mathrm{.}074,153\mathrm{.}094,-0\mathrm{.}062,0\mathrm{.}824],[5/15/2038,4\mathrm{.}5,158\mathrm{.}102,158\mathrm{.}122,-0\mathrm{.}082,0\mathrm{.}922],[11/15/2039,4\mathrm{.}375,158\mathrm{.}036,158\mathrm{.}056,-0\mathrm{.}068,1\mathrm{.}031],[8/15/2040,1\mathrm{.}125,99\mathrm{.}266,99\mathrm{.}286,-0\mathrm{.}016,1\mathrm{.}131],[11/15/2041,3\mathrm{.}125,137\mathrm{.}004,137\mathrm{.}024,-0\mathrm{.}032,1\mathrm{.}151],[8/15/2042,2\mathrm{.}75,129\mathrm{.}304,130\mathrm{.}004,-0\mathrm{.}718,1\mathrm{.}193],[5/15/2043,2\mathrm{.}875,132\mathrm{.}136,132\mathrm{.}156,-0\mathrm{.}01,1\mathrm{.}231],[5/15/2044,3\mathrm{.}375,143\mathrm{.}092,143\mathrm{.}112,-0\mathrm{.}008,1\mathrm{.}256],[8/15/2045,2\mathrm{.}875,133\mathrm{.}186,133\mathrm{.}206,-0\mathrm{.}006,1\mathrm{.}294],[11/15/2046,2\mathrm{.}875,134\mathrm{.}234,134\mathrm{.}254,0\mathrm{.}02,1\mathrm{.}304],[2/15/2047,,137\mathrm{.}286,137\mathrm{.}306,0\mathrm{.}016,1\mathrm{.}301],[5/15/2049,2\mathrm{.}875,136\mathrm{.}314,137\mathrm{.}014,0\mathrm{.}018,1\mathrm{.}321],[8/15/2050,1\mathrm{.}375,100\mathrm{.}202,100\mathrm{.}222,0\mathrm{.}02,1\mathrm{.}347]]$

Source:

www$.$wsj$.$com, August $24,2020.$

Locate the Treasury bond in Figure $8\mathrm{.}5$ maturing in August $2040.$ Assume a par value of

$$20,000.$

a$.$ What is its coupon rate? $($Enter your answer as a percent rounded to $3$ decimal

places, e$.$g$.,32\mathrm{.}161.)$

b$.$ What is its bid price in dollars? $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$