Question
Y9 ou find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of
Y9
ou find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons.
| Rate | Maturity Month/Year | Bid | Asked | Change | Ask Yield |
|---|---|---|---|---|---|
| ??question mark | May 38 | 103.5488 | 103.6370 | +.3041 | 2.369 |
| 5.324 | May 43 | 104.4978 | 104.6435 | +.4317 | ??question mark |
| 6.173 | May 53 | ??question mark | ??question mark | +.5431 | 4.071 |
In the above table, find the Treasury bond that matures in May 2038. What is the coupon rate for this bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
