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Today is April 1, 2017. A T-bond quote is given below. This T-bond has a $1,000 par value and was originally issued on January 1,

Today is April 1, 2017. A T-bond quote is given below. This T-bond has a $1,000 par value and was originally issued on January 1, 2010. Interest is paid on January 1 and July 1.

Maturity

Coupon

Bid

Asked

Chg

Ask Yield

Jan. 1, 2030

5.125

101:06

101:24

+0.001

?????

Assume the following when answering questions a c: In figuring days to maturity, etc. assume settlement is todays date (April 1, 2017), a 365 day year (i.e. ignore leap years), and there are 30 days in April, June, Sept., Nov., 28 days in Feb., and all the rest have 31 days.

A. What is the dollar amount of the dealers profit on $1,000,000 face value of T-bonds (i.e., what is the dealers bid-ask spread on $1,000,000)?

B. What is the Ask Yield on this T-bond?

C. What is the dirty price of a $100,000 face amount of this T-bond?

Do A. to get credit I'm seperating the question into three parts

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