Refer to the T-note and T-bond quotes in Table 6-1. a. What is the asking price on the 1.375 percent February 2019 T-bond if the face value of the bond is $10,000? b. What is the bid price on the 0.750 percent March 2017 T-note if the face value of the bond is $10,000? (For all requirements, round your answers to 2 decimal places. (e.g., 32.16)) The Ask price The Bid price b. TABLE 6-1 Treasury Note and Bond Quote Treasury Notes and Bonds Monday, May 23, 2016 Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par. Maturity Coupon Bid Asked Chg Asked Yield -0.441 0.0078 0.0078 0.110 unch. 5/31/2016 6/15/2016 6/30/2016 7/15/2016 7/31/2016 8/15/2016 8/31/2016 9/15/2016 9/30/2016 10/15/2016 11/15/2016 2/15/2017 2/28/2017 3/15/2017 3/31/2017 4/30/2017 4/30/2017 5/15/2017 5/31/2017 6/15/2017 0.375 0.500 0.500 0.625 0.500 0.625 0.500 0.875 0.500 1.000 0.625 0.269 0.242 0.291 0.316 0.296 0.420 0.322 0.478 100.0000 100.0156 100.0078 100.0234 100.0078 100.0234 100.0391 100.0547 100.0234 100.0391 100.0547 100.0703 100.0391 100.0547 100.1250 100.1406 100.0469 100.0625 100.2109 100.2266 100.0547 100.0703 100.0156 100.0150 100.05-5 100.0313 100.1641 100.1797 100.0859100.1016 100.2813 100.2969 99.8203 99.8359 100.1641 100.1797 100.1563 100.1719 99.8828 99.8984 100.1250 100.1406 0.477 0.625 0.0156 unch. 0.0078 0.0234 -0.0156 0.0234 -0.0391 0.0078 unch. -0.0313 -0.0078 -0.0078 0.0156 -0.0078 -0.0078 0.0078 -0.0234 0.582 0.640 0.875 0.750 0.624 1.000 0.650 0.500 0.875 0.875 0.625 0.875 0.676 0.682 0.698 0.725 0.742 2/15/2046 2.500 5/15/2046 2.500 U.S. Treasury STRIPS 97.2109 97.2656 9 7.2422 97.2969 0.0938 0.1250 2.634 2.631 Monday, May 23, 2016 U.S. zero-coupon STRIPS allow investors to hold the interest and principal components of eligible Treasury notes and bonds as separate securities. STRIPS offer no interest payment; investors receive payment only at maturity. Quotes are as of 3 p.m. Eastern time based on transactions of $1 million or more. Yields calculated on the ask quote. Maturity Bid Asked Chg Asked Yield -0.002 -0.004 -0.010 99.899 99.752 99.244 97.788 97.447 96.553 0.44 0.52 0.78 0.90 -0.018 0.95 1.09 -0.019 -0.023 0.021 0.052 1.58 1.60 Treasury Bond, Stripped Principal 2016 Aug 15 99.896 2016 Nov 15 99.748 2017 May 15 99.234 2018 Nov 15 97.764 2019 Feb 15 97.420 2019 Aug 15 96.522 2022 Nov 15 90.261 2023 Feb 15 89.752 2023 Aug 15 88.683 2024 Nov 15 86.080 2029 Aug 15 75.932 2030 May 15 74.786 2031 Feb 15 73.491 2044 Feb 15 47.378 2044 May 15 46.675 2044 Nov 15 45.689 2045 Feb 15 45.309 2045 May 15 44.969 1.66 1.77 2.08 90.319 89.812 88.746 86.153 76.031 74.889 73-598 47-508 46.804 45.818 45.437 45.097 0.039 0.066 0.125 0.130 0.134 0.063 0.063 0.030 0.063 2.09 2.73 2.76 2.77 0.063 2.77 16/30/2017 17/31/2017 9/30/2017 | 10/15/2017 0.750 0.625 1.875 0.875 99.9844 9 9.7891 101.3906 100.0469 100.0000 99.8047 101.4063 100.0625 -0.0078 -0.0391 -0.0156 -0.0156 0.750 0.791 10.827 0.830 | unch. 0.837 0.848 0.839 0.853 0.849 0.857 0.989 1.028 1.024 | 10/31/2017 | 11/15/2017 11/15/2017 11/30/2017 11/30/2017 | 12/31/2017 12/15/2019 2/28/2019 12/28/2019 3/15/2019 3/31/2019 3/31/2019 15/15/2020 5/31/2020 5/31/2020 6/30/2020 16/30/2020 17/31/2020 18/15/2020 15/15/2023 18/15/2023 11/15/2023 1.875 0.875 4.250 0.625 0.875 1.000 2.750 1.375 1.500 1.000 1.500 1.625 3.500 1.375 1.500 1.625 1.875 2.000 2.625 11.750 2.500 2.750 101.4609 100.0234 104.9766 99.6406 100.0234 100.2109 104.7109 100.9297 101.2813 99.8984 101.3281 101.6250 108.6953 100.4766 100.9141 101.3594 | 102.4141 102.8750 105.4375 100.6875 | 105.7500 107.5234 101.4766 100.0391 104.9922 99.6563 100.0391 100.2266 104-7266 100.9453 101.2969 99.9141 101.3438 101.6406 | 108.7109 100.4922 100.9297 101.3750 102.4297 102.8906 105.4531 100.7031 105.7656 107.5391 -0.0078 -0.0234 -0.0156 -0.0156 -0.0078 -0.0234 -0.0156 -0.0313 -0.0078 -0.0156 -0.0234 -0.0234 -0.0234 -0.0313 -0.0078 -0.0078 -0.0234 -0.0156 0.0703 0.0547 0.0703 1.031 1.021 1.040 1.247 1.249 1.262 1.280 1.265 1.288 1.295 1.643 1.650 1.673 2.78 44-385 44.207 44.037 0.063 0.063 0.063 2.77 2.76 2045 Nov 15 44.256 2046 Feb 15 44.077 2046 May 15 43.907 Treasury Note, Stripped Principal 2016 Aug 31 99.874 2016 Nov 30 99.704 2017 Aug 15 98.980 2017 Nov 30 98.779 -0.002 0.46 -0.005 99.876 99.709 98.992 98.794 -0.012 -0.017 0.56 0.83 0.80 97.918 97.769 91.080 83.742 82.949 97.940 97.794 91.134 83.820 83.289 -0.019 -0.025 0.020 0.92 0.89 1.56 1.87 0.072 0.069 1.84 2018 Aug 31 2018 Nov 30 2022 May 15 2025 Nov 15 2026 May 15 Stripped Coupon Interest 2016 Jun 15 2016 Nov 15 2019 May 31 2019 Nov 30 2024 May 15 2024 Nov 15 2025 Feb 15 2025 May 15 2025 Aug 15 2035 May 15 2035 Nov 15 unch. -0.004 -0.020 -0.005 0.32 0.56 1.13 1.18 0.042 1.82 99.980 99.730 96.611 95.893 86.487 85-307 84.721 84.080 83.575 62.664 61.612 99.981 99.735 96.640 95.927 86.556 85.378 84.794 84.155 83.651 62.782 61.731 1.87 0.067 0.087 0.088 1.90 1.93 1.94 0.089 0.146 0.118 2.47 2.49 61.435 60.857 60.301 2.48 2.50 2036 Feb 15 2036 May 15 2036 Aug 15 2036 Nov 15 2044 Nov 15 2045 May 15 2045 Aug 15 2045 Nov 15 2046 May 15 2.52 2.53 61.316 60.737 60.181 59.633 45-338 44.808 44-528 44.128 43.907 0.119 0.120 0.120 0.120 0.031 0.062 59.753 45.465 44.937 44.657 44.256 44.037 0.063 0.063 0.063 2.79 2.78 2.78 2.79 2.76 ource: The Wall Street Journal Online, May 24, 2016. www.wsj.com