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A Treasury bond with 7 years to maturity is currently quoted at 109:13. The bond has a coupon rate of 8.1 percent. What is the yield value of a 32nd for this bond? Note: Do not round intermediate calculations. Round your answer to 3 decimal places.

A Treasury bond with 7 years to maturity is currently quoted at 109:13. The bond has a coupon rate of 8.1 percent. What is the yield value of a 32nd for this bond? Note: Do not round intermediate calculations. Round your answer to 3 decimal places.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A Treasury bond with 7 years to maturity is currently quoted at 109:13. The bond has a coupon rate of 8.1 percent. What is the yield value of a 32nd for this bond? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Answer is complete but not entirely correct. Yield value (in basis points) 0.034 x
Transcribed Image Text:A Treasury bond with 7 years to maturity is currently quoted at 109:13. The bond has a coupon rate of 8.1 percent. What is the yield value of a 32nd for this bond? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Answer is complete but not entirely correct. Yield value (in basis points) 0.034 x
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