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Refer to Figure 2.3 and look at the Treasury bond maturing in February 2036. a. How much would you have to pay to purchase one

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Refer to Figure 2.3 and look at the Treasury bond maturing in February 2036. a. How much would you have to pay to purchase one of these bonds? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Price paid b. What is its coupon rate? (Round your answer to 3 decimal places.) Coupon rate % c. What is the yield to maturity of the bond? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Yield to maturity % LISTING OF TREASURY ISSUES MATURITY COUPON 15-Feb-2019 2.750 30-Apr-2021 2.250 15-May-2023 1.750 15-Aug-2029 6.125 15-Feb-2036 4.500 15-Aug-2048 3.000 BID ASKED 100.0391 100.0547 99.7500 99.7656 97.4531 97.4688 132.7266 132.7891 125.4688 125.5313 101.8984 101.9297 ASKED YIELD TO CHANGE MATURITY 0.0078 2.256 0.2344 2.354 0.4766 2.364 1.1406 2.575 1.5391 2.637 1.5391 2.902 Figure 2.3 Listing of Treasury bonds and notes Source: The Wall Street Journal Online, January 3, 2019

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