Locate the Treasury issue in Eigure 7.5 maturing in August 2044. Assume a par value of $10,000. a. What is its coupon rate? (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 2 decimal places, e.g., 32.16.) c. What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. a. Coupon rate b. Bid price c. Previous day's price $ 3.000 % 10,608.20 10,618.40

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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5/15/2020
12/31/2020
9/30/2021
4/30/2022
12/31/2022
1/31/2023
3/31/2023
7/31/2023
4/30/2024
5/31/2024
1/31/2025
10/31/2025
11/15/2026
8/15/2027
2/15/2029
2/15/2031
2/15/2036
2/15/2037
5/15/2038
2/15/2039
5/15/2040
8/15/2041
8/15/2042
11/15/2042
2/15/2043
5/15/2043
8/15/2044
11/15/2045
2/15/2046
5/15/2047
8/15/2049
8.75
2.5
1.125
1.75
2.125
1.75
2.5
1.25
2
2
2.5
3
6.5
6.375
2.625
5.375
4.5
5
4.5
3.5
4.375
3.75
2.75
2.75
3.125
2.875
3.125
3
2.5
3
2.25
103.18
100.294
98.304
100.05
101.096
100.042
102.194
98.114
101.036
101.066
103.202
106.212
130.2
132.17
105.296
134.14
132.23
141.22
135.026
119.214
134,034
123.23
106.094
106.082
113
108.152
113.116
111.136
101.174
111.25
96.16
-0.022
100.3 -0.006
98.31
0.102
100.054
0.008
101.102
0.002
100.046
0.006
102
0.002
98.12
0.004
101.042
-0.006
101.072
0.004
103.206
-0.004
106.216
-0.002
130.21 -0.030
132.18
-0.022
105.306
-0.008
134.16
-0.036
132.25 -0.770
141.24
-0.094
136.046 -0.074
119.234 -0.076
135.054
-0.078
123.25 -0.786
106.114
-0.080
106.102
-0.082
113.02
-0.760
1008.172
-0.094
113.136
-0.078
111.156
-0.080
1.194
-0.080
111.27 -0.760
96.18 -0.074
103.184
1.649
1.661
1.684
1.679
1.69
1.702
1.698
1.703
1.735
1.719
1.765
1.814
1.821
1.85
1.919
1.947
2.108
2.131
2.182
2.233
2.28
2.348
2.386
2.391
2.39
2.398
2.402
2.403
2.417
2.409
2413
Transcribed Image Text:5/15/2020 12/31/2020 9/30/2021 4/30/2022 12/31/2022 1/31/2023 3/31/2023 7/31/2023 4/30/2024 5/31/2024 1/31/2025 10/31/2025 11/15/2026 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 5/15/2038 2/15/2039 5/15/2040 8/15/2041 8/15/2042 11/15/2042 2/15/2043 5/15/2043 8/15/2044 11/15/2045 2/15/2046 5/15/2047 8/15/2049 8.75 2.5 1.125 1.75 2.125 1.75 2.5 1.25 2 2 2.5 3 6.5 6.375 2.625 5.375 4.5 5 4.5 3.5 4.375 3.75 2.75 2.75 3.125 2.875 3.125 3 2.5 3 2.25 103.18 100.294 98.304 100.05 101.096 100.042 102.194 98.114 101.036 101.066 103.202 106.212 130.2 132.17 105.296 134.14 132.23 141.22 135.026 119.214 134,034 123.23 106.094 106.082 113 108.152 113.116 111.136 101.174 111.25 96.16 -0.022 100.3 -0.006 98.31 0.102 100.054 0.008 101.102 0.002 100.046 0.006 102 0.002 98.12 0.004 101.042 -0.006 101.072 0.004 103.206 -0.004 106.216 -0.002 130.21 -0.030 132.18 -0.022 105.306 -0.008 134.16 -0.036 132.25 -0.770 141.24 -0.094 136.046 -0.074 119.234 -0.076 135.054 -0.078 123.25 -0.786 106.114 -0.080 106.102 -0.082 113.02 -0.760 1008.172 -0.094 113.136 -0.078 111.156 -0.080 1.194 -0.080 111.27 -0.760 96.18 -0.074 103.184 1.649 1.661 1.684 1.679 1.69 1.702 1.698 1.703 1.735 1.719 1.765 1.814 1.821 1.85 1.919 1.947 2.108 2.131 2.182 2.233 2.28 2.348 2.386 2.391 2.39 2.398 2.402 2.403 2.417 2.409 2413
Locate the Treasury issue in Eigure 7.5 maturing in August 2044. Assume a par value of
$10,000.
a. What is its coupon rate? (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 2 decimal places, e.g., 32.16.)
c. What was the previous day's asked price in dollars? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer is complete but not entirely correct.
3.000%
a. Coupon rate
b. Bid price
c. Previous day's price
$
$
10,608.20
10,618.40
Transcribed Image Text:Locate the Treasury issue in Eigure 7.5 maturing in August 2044. Assume a par value of $10,000. a. What is its coupon rate? (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 2 decimal places, e.g., 32.16.) c. What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 3.000% a. Coupon rate b. Bid price c. Previous day's price $ $ 10,608.20 10,618.40
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