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. Coupon Bid Asked Chg Asked Yield 0.375 100.0000 100.0156 -0.441 0.500 100.0234 0.0078 0.0078 unch. 100.0078 100.0078 0.110 0.500 100.0234 0.269 0.625 100.0391 100.0547 0.242 0.0156 unch. 0.500 100.0234 100.0391 0.291 0.625 100.0547 100.0703 0.0078 0.316 0.296 0.500 100.0391 100.0547 0.0234 0.875 -0.0156 0.420 100.1250 100.0469 100.1406 100.0625 0.500 0.0234 0.322 0.478 1.000 100.2109 100.2266 100.0703 Maturity 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 6/30/2017 7/31/2017 9/30/2017 10/15/2017 0.625 0.625 0.875 -0.0391 0.0078 unch. 100.0313 100.1797 0.750 100.1016 -0.0313 -0.0078 -0.0078 0.0156 0.477 0.582 0.640 0.624 0.650 0.676 0.682 1.000 0.500 0.875 0.875 100.0547 100.0156 100.1641 100.0859 100.2813 99.8203 100.1641 100.1563 99.8828 100.1250 99.9844 99.7891 101.3906 100.0469 100.2969 99.8359 100.1797 100.1719 99.8984 100.1406 -0.0078 -0.0078 0.0078 0.698 0.625 0.725 0.875 -0.0234 0.742 0.750 100.0000 -0.0078 0.750 0.625 -0.0391 0.791 99.8047 101.4063 100.0625 1.875 0.875 0.827 -0.0156 -0.0156 0.830 101.4609 101.4766 1.875 0.875 unch, -0.0078 100.0234 100.0391 4.250 0.625 0.875 104.9766 99.6406 104.9922 99.6563 -0.0234 -0.0156 0.837 0.848 0.839 0.853 0.849 100.0234 100.0391 -0.0156 -0.0078 1.000 100.2109 100.2266 0.857 2.750 104.7109 104.7266 -0.0234 0.989 1.375 -0.0156 1.028 100.9297 101.2813 100.9453 101.2969 1.500 -0.0313 1.024 1.000 -0.0078 1.031 1.021 1.500 1.625 99.8984 101.3281 101.6250 108.6953 99.9141 101.3438 101.6406 108.7109 -0.0156 -0.0234 1.040 1.247 3-500 -0.0234 1.375 100.4766 100.4922 -0.0234 1.249 100.9141 100.9297 1.262 10/31/2017 11/15/2017 11/15/2017 11/30/2017 11/30/2017 12/31/2017 2/15/2019 2/28/2019 2/28/2019 3/15/2019 3/31/2019 3/31/2019 5/15/2020 5/31/2020 5/31/2020 6/30/2020 6/30/2020 7/31/2020 8/15/2020 5/15/2023 8/15/2023 11/15/2023 2/15/2024 5/15/2024 8/15/2024 11/15/2024 5/15/2045 11/15/2045 2/15/2046 5/15/2046 1.500 1.625 1.875 101.3594 101.3750 -0.0313 -0.0078 -0.0078 1.280 102.4141 102.4297 1.265 2.000 102.8906 1.288 102.8750 105.4375 100.6875 -0.0234 -0.0156 2.625 105.4531 1.750 100.7031 0.0703 1.295 1.643 1.650 2.500 105.7500 105.7656 0.0547 2.750 107-5234 107.5391 0.0703 1.673 2.750 107.5781 107.5938 0.0703 1.697 2.500 0.1094 1.721 105.7656 104.7656 2.375 0.1016 1.748 2.250 103.7422 105.7813 104.7813 103.7578 107.7188 107.6875 0.1172 1.771 2.618 3.000 0.1094 107.6875 107.6563 3.000 2.624 0.0938 0.0938 97.2109 2.634 2.500 2.500 97.2422 97.2969 97.2656 0.1250 2.631 U.S. Treasury STRIPS Monday, May 23, 2016 0.52 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 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 0.95 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 1.60 2023 Aug 15 88.683 88.746 0.039 1.66 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 2.08 2031 Feb 15 73.491 73-598 0.134 2.09 2044 Feb 15 47 378 47.508 0.063 2.70 2044 May 15 46.675 46.804 0.063 2.73 2044 Nov 15 45.689 45.818 0.030 2.76 2045 Feb 15 45-309 45.437 0.063 2.77 2045 May 15 44.969 45.097 0.063 2.77 2045 Nov 15 44.256 44-385 0.063 2.78 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 99.876 -0.002 0.46 Treasury Note, Stripped Principal 2016 Aug 31 99.874 2016 Nov 30 99.704 2017 Aug 15 98.980 2017 Nov 30 98.779 99.709 -0.005 0.56 -0.012 0.83 98.992 98.794 -0.017 0.80 97.940 -0.019 0.92 2018 Aug 31 2018 Nov 30 97.794 -0.025 0.89 97.918 97.769 91.080 83.742 82.949 0.020 1.56 91.134 83.820 83.289 0.072 1.87 0.069 1.84 99.980 99.981 unch. 0.32 99.735 -0.004 0.56 99.730 96.611 96.640 -0.020 1.13 -0.005 1.18 95.927 86.556 0.042 1.82 1.87 0.067 0.087 1.90 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 2045 Nov 15 95.893 86.487 85-307 84.721 84.080 83-575 62.664 61.612 61.316 0.088 1.93 85.378 84.794 84.155 83.651 62.782 61.731 1.94 0.089 0.146 2.47 0.118 2.49 61.435 0.119 2.48 60.737 0.120 2.50 60.857 60.301 60.181 0.120 2.52 59.753 0.120 2.53 59.633 45-338 45.465 0.031 2.79 44.808 44.937 0.062 2.78 44.657 2.78 44-528 44.128 0.063 0.063 44.256 2.79 Refer to the T-note and T-bond quotes in Table 61. a. What is the asking price on the 1.500 percent February 2019 T-bond if the face value of the bond is $10,000? b. What is the bid price on the 1.000 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)) a. The Ask price The Bid price b