Question
Suppose that you purchase the 10-year Treasury note on September 27, 2018. If the face value is $1,000, how much should you pay? (Assume that
Suppose that you purchase the 10-year Treasury note on September 27, 2018. If the face value is $1,000, how much should you pay?
(Assume that the settlement date was September 28, 2018)
On September 28, 2017
Rate Maturity BID ASKED Chg
4 Aug 2025 101.20 101.22 26
1) The quoted asked price on September 27 is (in percentage):
2) Accrued interest as of September 28 is (in percentage):
3) The invoice price that you should pay is:
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
