Referring to the U.S. Treasury quotes of the Wall Street Journal

1.Why are the coupons on the two bonds that mature on 11/15/2017 so different?(There is two coupons on the same day.)

2. Assume that the prices for bonds that mature after 11/15/2017 are the same

prices that you will see on 11/15/2017 and construct a table of annual spot and

6-month forward rates as of 11/15/2017 based on mid-market prices, every six

months, for the next 5 years.

U.S.Treasury Quotes TREASURY NOTES&BONDS GO TO: Bills Wednesday, October 25, 2017 Find Historical Data IL WHAT'S THIS? Treasury note and bond data are representative over-the-counter quotations as of 3pm 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 Chg Maturity 10/31/2017 10/31/2017 11/15/2017 11/15/2017 11/30/2017 11/30/2017 11/30/2017 12/15/2017 12/31/2017 12/31/2017 12/31/2017 1/15/2018 1/31/2018 1/31/2018 1/31/2018 Coupon 0.750 1.875 0.875 4.250 0.625 0.875 2.250 1.000 0.750 1.000 2.750 0.875 0.750 0.875 2.625 yield 99.9844 100.0000 99.9844 100.1641 99.9609 99.9844 100.1172 99.9922 99.9297 99.9766 100.2891 99.9453 99.8984 99.9297 100.3750 100.0000 100.0156 100.0000 100.1797 99.9766 100.0000 100.1328 100.0078 99.9453 99.9922 100.3047 99.9609 99.9141 99.9453 100.3906 0.0078 0.0078 0.0078 0.0156 unch unch unch unch 0.0156 0.0234 0.0313 0.0078 0.0313 0.0313 0.0234 0.749 0.720 0.873 0.927 0.870 0.874 0.941 1.055 1.042 1.041 1.052 1.076 1.082 1.133 U.S.Treasury Quotes TREASURY NOTES&BONDS GO TO: Bills Wednesday, October 25, 2017 Find Historical Data IL WHAT'S THIS? Treasury note and bond data are representative over-the-counter quotations as of 3pm 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 Chg Maturity 10/31/2017 10/31/2017 11/15/2017 11/15/2017 11/30/2017 11/30/2017 11/30/2017 12/15/2017 12/31/2017 12/31/2017 12/31/2017 1/15/2018 1/31/2018 1/31/2018 1/31/2018 Coupon 0.750 1.875 0.875 4.250 0.625 0.875 2.250 1.000 0.750 1.000 2.750 0.875 0.750 0.875 2.625 yield 99.9844 100.0000 99.9844 100.1641 99.9609 99.9844 100.1172 99.9922 99.9297 99.9766 100.2891 99.9453 99.8984 99.9297 100.3750 100.0000 100.0156 100.0000 100.1797 99.9766 100.0000 100.1328 100.0078 99.9453 99.9922 100.3047 99.9609 99.9141 99.9453 100.3906 0.0078 0.0078 0.0078 0.0156 unch unch unch unch 0.0156 0.0234 0.0313 0.0078 0.0313 0.0313 0.0234 0.749 0.720 0.873 0.927 0.870 0.874 0.941 1.055 1.042 1.041 1.052 1.076 1.082 1.133