a. What is its coupon rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) b. What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) c. What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
a. What is its coupon rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) b. What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) c. What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
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
Problem 1PS
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Transcribed Image Text:Locate the Treasury issue in Figure 6.3 maturing in February 2043. Assume a par value
of $1,000.
.......
a. What is its coupon rate? (Do not round intermediate calculations and enter your
answer as a percent rounded to 3 decimal places, e.g., 32.161.)
b. What is its bid price in dollars? (Do not round intermediate calculations and round
your answer to 3 decimal places, e.g., 32.161.)
c. What was the previous day's asked price in dollars? (Do not round intermediate
calculations and round your answer to 3 decimal places, e.g., 32.161.)
a.
b.
C.
Coupon rate
Bid price
Asked price
%
W
Transcribed Image Text:U.S. Treasury Quotes
Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time.
Maturity
1/31/2019
12/31/2021
1/31/2022
2/28/2023
9/30/2023
2/29/2024
7/31/2024
1/31/2025
4/30/2025
11/15/2026
2/15/2029
5/15/2030
2/15/2036
5/15/2037
11/15/2039
5/15/2040
8/15/2041
5/15/2042
2/15/2043
2/15/2044
8/15/2046
5/15/2047
5/15/2048
Coupon
1.500
2.125
1.500
2.625
1.375
2.125
2.125
2.500
2.875
6.500
5.250
6.250
4.500
5.000
4.375
4.375
3.750
3.000
3.125
3.625
2.250
3.000
3.125
Bld
99.5469
97.8906
95.6563
99.2109
92.7969
96.1172
95.7344
97.6328
99.8359
126.6406
120.9453
132.8984
120.9375
129.0938
121.3047
121.5313
111.6875
99.1875
101.1641
110.0313
84.6797
98.7578
101.1875
Asked
99.5625
97.9063
95.6719
99.2266
92.8125
96.1328
95.7500
97.6484
99.8516
126.6563
121.0078
132.9609
121.0000
129.1563
121.3672
121.5938
111.7500
99.2188
101.1953
110.0625
84.7109
98.7891
101.2188
Chg
-0.0078
0.0703
0.0547
0.1172
0.1172
0.1484
0.1172
0.1953
0.2109
0.3125
0.4063
0.4688
0.5625
0.6641
0.6953
0.7500
0.7500
0.7266
0.7344
0.6875
0.6016
0.6953
0.7422
Asked
Yleld
2.205
2.749
2.762
2.801
2.847
2.864
2.887
2.892
2.899
2.906
2.941
2.949
2.964
2.973
3.014
3.021
3.040
3.046
3.056
3.056
3.064
3.063
3.062
FIGURE 6.3
Sample Wall Street
Journal U.S. Treasury
note and bond prices
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