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TREASURIES PRICE AND ACCRUED INTEREST A Treasury bond is quoted with a price of 97-24. It has a coupon of 2.75% and a final maturity

TREASURIES PRICE AND ACCRUED INTEREST

A Treasury bond is quoted with a price of 97-24. It has a coupon of 2.75% and a final maturity of 4/15/45 (and coupon payment dates of 4/15 and 10/15).The bond trades at that price on 5/1/20 on a regular way basis. The face amount of the transaction is $25 million.

(a) What is the settlement date?

(b) What is the dollar price for $25 million (excluding accrued interest) based on a price of 96-14?

(c) What is the accrued interest?

(d) What is the yield to maturity?

show formulas.

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