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Treasury Notes and Bonds Asked Yield Coupon Bid Asked Chg 1.250 100.1484 100.1641 1.160 0.0391 0.0625 0.875 1.286 99.0703 98.5938 1.125 0.1016 99.0859 98.6094 127.5000

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Treasury Notes and Bonds Asked Yield Coupon Bid Asked Chg 1.250 100.1484 100.1641 1.160 0.0391 0.0625 0.875 1.286 99.0703 98.5938 1.125 0.1016 99.0859 98.6094 127.5000 99.9766 1.558 1.857 8.125 127.4844 99.9609 0.2344 0.2266 2.000 2.004 1.500 96.5703 96.5859 0.2500 2.096 101.9531 2.210 2.500 6.875 135.8594 0.3125 0.3438 0.2969 0.4688 2.262 2.380 1.500 6.375 2.414 92.4922 136.8438 130.3516 128.2188 5.500 0.4531 2.473 5.250 101.9375 135.8438 92.4766 136.8281 130.2891 128.1563 128.7578 139.1875 142.5781 134.3438 128.0781 2.485 0.4453 0.4609 5.250 2.478 6.125 Maturity 11/15/2018 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 8/15/2039 2/15/2040 11/15/2040 2/15/2041 2/15/2042 2/15/2043 5/15/2043 2/15/2044 2/15/2045 11/15/2046 6.250 0.5391 0.5938 0.5625 2.478 2.478 2.470 5-375 4.500 128.8203 139.2500 142.6406 134.4063 128.1406 131.8516 136.0156 128.1250 111.0469 0.7031 2.618 4.750 131.7891 0.7500 2.688 5.000 135.9531 0.7656 2.690 4-500 128.0625 2.749 0.6875 0.6406 3.500 110.9844 4.500 127.4922 127-5547 0.7344 2.824 2.839 2.855 4.625 0.6953 129.7813 123.4063 4.250 0.7422 2.885 2.872 4.750 132.5000 0.7578 3.125 129.7188 123-3438 132.4688 103-3516 103.1406 98.3594 112.7266 103-3828 0.6484 2.934 0.6250 3.125 2.875 2.950 2.963 3.625 103.1719 98.3906 112.7578 90.7891 98.1484 0.5625 0.6484 0.6016 2.939 2.987 2.500 90.7578 2.875 98.1172 0.6719 2.969 Locate the Treasury bond in Figure 7.4 maturing in August 2039. Assume a $10,000 par value. a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.162.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Premium or discount bond b. % c. Current yield Yield to maturity Bid-ask spread % d

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