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Problem 8 - 1 4 Using Treasury Quotes Locate the Treasury bond in Figure 8 . 5 maturing in August 2 0 5 0 .

Problem 8-14 Using Treasury Quotes
Locate the Treasury bond in Figure 8.5 maturing in August 2050. 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.,32.161.)
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.)
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