Question
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000.
| Rate | Maturity Mo/Yr | Bid | Asked | Change | Ask Yield |
| ?? | May 21 | 103.5397 | 103.6275 | +.3235 | 2.229 |
| 6.002 | May 26 | 104.4887 | 104.6344 | +.4233 | ?? |
| 6.138 | May 36 | ?? | ?? | +.5340 | 3.931 |
In the above table, find the Treasury bond that matures in May 2021. What is the coupon rate for this bond?
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Financial And Insurance Formulas
Authors: Tomas Cipra
2010th Edition
3790829013, 978-3790829013
