Turn back to Figure 2.3 and look at the Treasury bond maturing in November 2041.

a. How much would you have to pay to purchase one of these bonds?

b. What is its coupon rate?

c. What is the yield to maturity of the bond?

LISTING OF TREASURY ISSUES ASKED YLD MATURITY COUPON BID ASKED CHG TO MAT 100.3984 May 15, 2018 1.000 100.414 -0.0859 O.791 May 15, 2019 0.875 99.8125 99.8281 -0.0859 0.933 7.875 130.5781 1.225 Feb 15, 2021 130.5938 -0.2656 1.730 Aug 15, 2025 2.000 102.2813 102.2969 -0.3438 152.4609 6.250 152.3984 -0.7969 May 15, 2030 1.950 111.7891 111.8203 -0.8750 Nov 15, 2041 3.125 2.496 May 15, 2046 2.500 97.9922 98.0234 2.595 -0.9063