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Youve just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond? (Warning: Possible
Youve just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond? (Warning: Possible trick question.) Use the following Treasury bond quotes to answer Questions 2830: To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a $1,000 par value and pay semiannual coupons.
RATE | MATURITY | BID | ASKED | Chg | ASK Yld | |
?? | May | 29 | 102.725 | 102.915 | 0.3204 | 2.18 |
3.850 | June | 32 | 103.468 | 103.823 | 0.4513 | ?? |
4.125 | July | 38 | ?? | ?? | 0.6821 | 3.87 |
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