Question
The Wall Street Journal provides the following Treasury bond quote: Maturity: 8/15/2042 Coupon: 2.75 Bid: 96.6016% of par Ask: 96.6641% of par Change: 1.1875 Ask
The Wall Street Journal provides the following Treasury bond quote: Maturity: 8/15/2042 Coupon: 2.75 Bid: 96.6016% of par Ask: 96.6641% of par Change: 1.1875 Ask yield: 2.918% Determine the price an investor will receive for selling her security to the dealer. Assume a par value of $1,000 and round to 3 decimal places.
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
