Question
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? Maturity Mo/Yr Ask Bid 103.5566 Asked 103.6448 Chg Yld May 24 +.3119 2.489 104.5056 104.6513 +.4389 5.624 May 29 ?? 6.203 May 39 +.5509 ?? ?? 4.191 In the above table, find the Treasury bond that matures in May 2024. What is the coupon rate for this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate %
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