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T-Bond Quotations Table 1 (15-Sep) Maturity Coupon Bid Asked Chg Asked Yield 2039 Apr 15 3.5 96.125 96.6065 -45 3.7844 Table 2 (10-Nov) Maturity Coupon

T-Bond Quotations

Table 1 (15-Sep)

Maturity

Coupon

Bid

Asked

Chg

Asked Yield

2039 Apr 15

3.5

96.125

96.6065

-45

3.7844

Table 2 (10-Nov)

Maturity

Coupon

Bid

Asked

Chg

Asked Yield

2039 Apr 15

3.5

102.65

102.75

-72

3.4351

15-Sep: The total dollar amount invested in the 2039 Apr 15 T-bond, based on a $5,000 par value, is:

Nov. 10th: Assume the investor sells the 2039 Apr 15 T-Bond under the conditions stated below. Continue to assume a $5,000 par and do not include AI in your answers.

a. What dollar price ($) will the dealer pay pay based on the clean quote?

b. What dollar price ($) will a non-dealer/investor pay pay based on the clean quote?

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