The following US govermment bond listing appeared on Friday, April 9, 2021 in the Wall Street Journal, What price would the prospective buyer have to pay on this day? OA $1,362.36 OB. none of the above OC. $136.26 OD. $1,362.56 OE $136.24 Maturity Coupon Bid FACE = $1,000 Asked Chg YTM B/15/2039 4.500 136.2360 136.2560 -0.0680 BasvbBas 2.077

The following US govermment bond listing appeared on Friday, April 9, 2021 in the Wall Street Journal, What price would the prospective buyer have to pay on this day? OA $1,362.36 OB. none of the above OC. $136.26 OD. $1,362.56 OE $136.24 Maturity Coupon Bid FACE = $1,000 Asked Chg YTM B/15/2039 4.500 136.2360 136.2560 -0.0680 BasvbBas 2.077

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 12P

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At one point, some Treasury bonds were callable. Consider the prices on the following three Treasury issues as of May 15, 2019: 7.10 May 23 112.34375 112.40625 -40625 5.40 8.85 May 23 109.46875 109.53125 15625 5.36 12.60 May 23 146.62500 146.81250 -46875 5.44 The bond in the middle is callable in February 2020. What is the implied value of the call feature? Assume a par value of $1,000. (Hint: Is there a way to combine the two noncallable issues to create an issue that has the same coupon as the callable bond?) (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Call value
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