Question
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the
You 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 |
|---|---|---|---|---|---|
| ?? | May 32 | 103.5540 | 103.6422 | +.3093 | 2.449 |
| 5.524 | May 37 | 104.5030 | 104.6487 | +.4365 | ?? |
| 6.193 | May 47 | ?? | ?? | +.5483 | 4.151 |
In the above table, find the Treasury bond that matures in May 2032. 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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Capital Returns Investing Through The Capital Cycle A Money Managers Reports 2002-15
Authors: Edward Chancellor
1st Edition
1137571640, 978-1137571649
