You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1.000 and pay semiannual coupons. Rate ?? 5.374 6.178 Maturity Month/Year Bid May 29 103.5501 May 34 May 44 104.4991 ?? Asked 103.6383 104.6448 ?? Change +.3054 +.4329 +.5444 Ask Yield 2.389 ?? 4.091 In the above table, find the Treasury bond that matures in May 2029. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate 2.48 %
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1.000 and pay semiannual coupons. Rate ?? 5.374 6.178 Maturity Month/Year Bid May 29 103.5501 May 34 May 44 104.4991 ?? Asked 103.6383 104.6448 ?? Change +.3054 +.4329 +.5444 Ask Yield 2.389 ?? 4.091 In the above table, find the Treasury bond that matures in May 2029. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate 2.48 %
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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