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The following quotes are for two Treasury securities as of 3/16/2020: a 5-year note and a 5-year TIPS. Suppose you buy $25,000 face value of
- The following quotes are for two Treasury securities as of 3/16/2020: a 5-year note and a 5-year TIPS. Suppose you buy $25,000 face value of the note on March 16, which is 45 days from the previous coupon payment and 137 days from the next coupon payment. What is the total price you would pay?
| Date | Instrument | Maturity | Coupon | Bid | Asked | Yield |
| 3/16/20 | Note | 7/31/25 | 2.875 | 112.006 | 112.012 | 0.595 |
| 3/16/20 | TIPS | 7/15/25 | 0.375 | 100.04 | 100.07 | 0.335 |
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Teaching Calculation Audit And Test
Authors: Richard English
1st Edition
144627277X, 978-1446272770
