Refer to the T-note and T-bond quotes in Table 61.

a. What is the asking price on the 1.625 percent June 2020 T-bond if the face value of the bond is $10,000?

b. What is the bid price on the 0.625 percent July 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 b. The Bid price 0.296 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 5/31/2016 0.375 100.0000 100.0156 0.0078 -0.441 6/15/2016 0.500 100.0078 100.0234 0.0078 0.110 6/30/2016 0.500 100.0078 100.0234 unch. 0.269 7/15/2016 0.625 100.0391 100.0547 0.0156 0.242 7/31/2016 0.500 100.0234 100.0391 unch. 0.291 8/15/2016 0.625 100.0547 100.0703 0.0078 0.316 8/31/2016 0.500 100.0391 100.0547 0.0234 9/15/2016 0.875 100.1250 100.1406 -0.0156 0.420 9/30/2016 0.500 100.0469 100.0625 0.0234 0.322 10/15/2016 1.000 100.2109 100.2266 -0.0391 0.478 11/15/2016 0.625 100.0547 100.0703 0.0078 0.477 2/15/2017 0.625 100.0156 100.0313 unch. 0.582 2/28/2017 0.875 100.1641 100.1797 -0.0313 0.640 3/15/2017 0.750 100.0859 100.1016 -0.0078 0.624 3/31/2017 1.000 100.2813 100.2969 -0.0078 0.650 4/30/2017 0.500 99.8203 99.8359 0.0156 0.676 4/30/2017 0.875 100.1641 100.1797 -0.0078 0.682 5/15/2017 0.875 100.1563 100.1719 -0.0078 0.698 5/31/2017 0.625 99.8828 99.8984 0.0078 0.725 6/15/2017 0.875 100.1250 100.1406 -0.0234 0.742 6/30/2017 0.750 99.9844 100.0000 -0.0078 0.750 7/31/2017 0.625 99.7891 99.8047 -0.0391 0.791 9/30/2017 1.875 101.3906 101.4063 -0.0156 0.827 10/15/2017 0.875 100.0469100.0625 -0.0156 0.830 0.837 0.848 unch. -0.0078 0.0234 -0.0156 -0.0156 -0.0078 0.839 0.853 0.849 0.857 0.989 1.028 1.024 -0.0234 -0.0156 -0.0313 -0.0078 -0.0156 -0.0234 1.031 1.021 1.040 1.247 1.249 1.262 10/31/2017 1.875 11/15/2017 0.875 11/15/2017 4.250 11/30/2017 0.625 11/30/2017 0.875 12/31/2017 1.000 2/15/2019 2.750 2/28/2019 1.375 2/28/2019 1.500 3/15/2019 1.000 3/31/2019 1.500 3/31/2019 1.625 5/15/2020 3-500 5/31/2020 1.375 5/31/2020 1.500 6/30/2020 1.625 6/30/2020 1.875 7/31/2020 2.000 8/15/2020 2.625 5/15/2023 1.750 8/15/2023 2.500 11/15/2023 2.750 2/15/2024 2.750 5/15/2024 2.500 8/15/2024 2.375 11/15/2024 2.250 5/15/2045 3.000 11/15/2045 3.000 2/15/2046 2.500 5/15/2046 2.500 U.S. Treasury STRIPS Monday, May 23, 2016 101.4609101.4766 100.0234 100.0391 104-9766 104.9922 99.6406 99.6563 100.0234 100.0391 100.2109100.2266 104.7109 104.7266 100.9297 100.9453 101.2813 101.2969 99.8984 99.9141 101.3281 101.3438 101.6250 101.6406 108.6953 108.7109 100.4766 100.4922 100.9141 100.9297 101.3594 101.3750 102.4141 102.4297 102.8750 102.8906 105-4375 105.4531 100.6875 100.7031 105.7500 105.7656 107-5234 107.5391 107-5781 107-5938 105.7656 105.7813 104.7656 104.7813 103.7422 103.7578 107.6875 107.7188 107.6563 107.6875 97.2109 97.2422 97.2656 97.2969 1.280 1.265 1.288 1.295 1.643 -0.0234 -0.0234 -0.0313 -0.0078 -0.0078 -0.0234 -0.0156 0.0703 0.0547 0.0703 0.0703 0.1094 0.1016 0.1172 0.1094 0.0938 0.0938 0.1250 1.650 1.673 1.697 1.721 1.748 1.771 2.618 2.624 2.634 2.631 0.95 1.66 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 Treasury Bond, Stripped Principal 2016 Aug 15 99.896 99.899 -0.002 0.44 2016 Nov 15 99.748 99.752 -0.004 0.52 2017 May 15 99.234 99.244 -0.010 0.78 2018 Nov 15 97.764 97.788 -0.018 0.90 2019 Feb 15 97-420 97.447 -0.019 2019 Aug 15 96.522 96.553 -0.023 1.09 2022 Nov 15 90.261 90.319 0.021 1.58 2023 Feb 15 89.752 89.812 0.052 2023 Aug 15 88.683 88.746 0.039 2024 Nov 15 86.080 86.153 0.066 1.77 2029 Aug 15 75.932 76.031 0.125 2.08 2030 May 15 74.786 74.889 0.130 2031 Feb 15 73-491 73-598 0.134 2044 Feb 15 47.378 47-508 0.063 2044 May 15 46.675 46.804 0.063 2044 Nov 15 45.689 45.818 0.030 2045 Feb 15 45-309 45-437 0.063 2045 May 15 44.969 45.097 0.063 2045 Nov 15 44.256 44-385 0.063 2046 Feb 15 44.077 44.207 0.063 2.77 2046 May 15 43.907 44.037 0.063 2.76 Treasury Note, Stripped Principal 2016 Aug 31 99.874 99.876 -0.002 0.46 2016 Nov 30 99.704 99.709 -0.005 0.56 2017 Aug 15 98.980 98.992 -0.012 0.83 2017 Nov 30 98.779 98.794 -0.017 0.80 ci aici ci oi oi o 2.78 0.92 97.918 97.769. 91.080 83.742 82.949 97.940 97.794 91.134 83.820 83.289 -0.019 -0.025 0.00 0.072 0.069 0.89 1.56 1.87 1.84 | | 0.32 0.56 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 2036 Feb 15 2036 May 15 2036 Aug 15 2036 NOV 15 2044 Nov 15 2045 May 15 2045 Aug 15 2045Nov 15 2046 May 15 99.980 99.730 96.611 95.893 86.487 85.307 84.721 84.08o 83.575 62.664 61.612 61.316 60.737 60.181 59.633 45.338 44.8o8 44.528 44.128 43.907 99.981 99.735 96.640 95.927 86.556 85.378 84.794 84.155 83.651 62.782 61.731 61.435 60.857 60.301 59.753 45.465 44.937 44.657 44.256 44.037 unch. -0.004 -0.020 -0.005 0.042 0.067 0.087 0.088 0.089 0.146 0.118 0.119 0.120 0. 10 i