Locate the Treasury bond in Figure 8.4 maturing in November 2044. Assume a par v

Question

Locate the Treasury bond in Figure 8.4 maturing in November 2044. Assume a par value of $10,000.

Locate the Treasury bond in Figure 8.4 maturing in November 2044. Assume a par value of $10,000.

Problem 8-14 Using Treasury Quotes Locate the Treasury bond in Figure 8.4 maturing in November 2044. Assume a par value of $10,000. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g, 32.161.) Coupon rate What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price 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.) Previous day's asked price

Explanation / Answer

Coupoun Rate is 3.000%

Bid Price in $ is 1 $ = 102.5156

Previous day asked price in $ is 1$ = 115.0156

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