Logout successful CASxChapter 7-Bondsx ? | ezto.rmheducation.com/hm.tpx value: 1

Question

Logout successful CASxChapter 7-Bondsx ? | ezto.rmheducation.com/hm.tpx value: 10.00 points Treasury prices and yields are quoted in newspapers and online. To get practice reading and understanding these quotes, locate the Treasury issue in Eigure 7. 4 maturing in February 2031. Assume a par value of 510,000 and answer the following questions What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g. 32.161.) Coupon rate What is the quoted price (in dollars) that you would recelve for selling this bond? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g.. 32.16.) Bid price What was the previous day's quoted price (in dollars) to purchase the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. e.g., 32.16) Aoked price References eBook & Resources Worksheet

Explanation / Answer

1-

Coupon rate

5.38%

2-

Quoted selling price = Bid price = 125.8984

1258.984

3-

previous day quoted price to purchase the bond = current price-change

125.9766+(-.7266)

125.25

1252.5

1-

Coupon rate

5.38%

2-

Quoted selling price = Bid price = 125.8984

1258.984

3-

previous day quoted price to purchase the bond = current price-change

125.9766+(-.7266)

125.25

1252.5

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