Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices Maturity 8/15/2021 2/28/2022 3/31/2023 4/30/2025 12/31/2026 11/15/2027 11/15/2028 Coupon 2.125 1.125 1.500 0.375 1.750 6.125 3.125 Bid 101.040 101.036 102.310 100.042 106.256 136.020 117.020 Asked 101.044 101.042 102.314 100.046 106.262 136.024 117.030 Change -0.006 -0.006 -0.004 0.012 0.024 0.710 0.708 Asked Yield 0.077 0.089 0.128 0.340 0.579 0.688 0.856
Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices Maturity 8/15/2021 2/28/2022 3/31/2023 4/30/2025 12/31/2026 11/15/2027 11/15/2028 Coupon 2.125 1.125 1.500 0.375 1.750 6.125 3.125 Bid 101.040 101.036 102.310 100.042 106.256 136.020 117.020 Asked 101.044 101.042 102.314 100.046 106.262 136.024 117.030 Change -0.006 -0.006 -0.004 0.012 0.024 0.710 0.708 Asked Yield 0.077 0.089 0.128 0.340 0.579 0.688 0.856
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:U.S. Treasury Quotes
Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time.
Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices
Maturity
8/15/2021
2/28/2022
3/31/2023
4/30/2025
12/31/2026
11/15/2027
11/15/2028
8/15/2029
5/15/2030
2/15/2031
2/15/2037
5/15/2038
5/15/2039
2/15/2040
2/15/2041
2/15/2043
8/15/2044
11/15/2045
5/15/2046
5/15/2047
8/15/2048
11/15/2049
11/15/2050
Coupon
2.125
1.125
1.500
0.375
1.750
6.125
3.125
6.125
6.250
5.375
4.750
4.500
4.250
4.625
4.750
3.125
3.125
3.000
2.500
3.000
3.000
2.375
1.625
Bid
101.040
101.036
102.310
100.042
106.256
136.020
117.020
143.034
147.014
141.126
148.126
146.230
144.006
151.024
154.232
126.162
126.312
125.006
114.194
125.200
126.014
112.090
94.242
Asked
101.044
101.042
102.314
100.046
106.262
136.024
117.030
143.044
147.024
141.136
148.136
146.250
144.026
151.044
154.252
126.182
127.012
125.026
114.214
125.220
126.034
112.110
94.262
Change
-0.006
-0.006
-0.004
0.012
0.024
0.710
0.708
0.720
0.728
0.026
0.090
0.098
0.780
0.808
0.126
0.112
0.120
0.784
0.098
0.100
0.780
0.778
0.090
Asked
Yield
0.077
0.089
0.128
0.340
0.579
0.688
0.856
0.880
0.951
1.028
1.378
1.437
1.489
1.523
1.559
1.679
1.724
1.749
1.777
1.774
1.795
1.822
1.852
Transcribed Image Text:Locate the Treasury issue in Figure 6.4 maturing in August 2029. Assume a par
value of $10,000.
a. What is its coupon rate?
Note: 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?
Note: 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?
Note: Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.
a. Coupon rate
b. Bid price
c. Asked price
%
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