Locate the Treasury bond in Figure 8.4 maturing in February 2043. Assume a par v

Question

Locate the Treasury bond in Figure 8.4 maturing in February 2043. Assume a par value of $20,000. 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

Coupon rate 3.125% 3.125% Bid price $ 20,989.06 20000*104.9453% Previous day's asked price $ 20,876.26 20000*104.9766%/(1+0.5703%)

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