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(Solved): Refer To Figure 2.3 And Look At The Treasury Bond Maturing In May 2046. Face Value $1,000 I Believe....


LISTING OF TREASURY ISSUES MATURITY COUPON BID ASKED May 15, 2018 1.000 100.3984 100.4141 May 15, 2019 0.875 99.8125 99.8281

Refer to Figure 2.3 and look at the Treasury bond maturing in May 2046.

Face Value $1,000 I believe. Did not show Face Value on question.

a. How much would you have to pay to purchase one of these bonds? (Do not round intermediate calculations. Round your answer to 3 decimal places.)


b. What is its coupon rate? (Round your answer to 3 decimal places.)


c. What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

LISTING OF TREASURY ISSUES MATURITY COUPON BID ASKED May 15, 2018 1.000 100.3984 100.4141 May 15, 2019 0.875 99.8125 99.8281 Feb 15, 2021 7.875 130.5781 130.5938 Aug 15, 2025 2.000 102.2813 102.2969 May 15, 2030 6.250 152.3984 152.4609 Nov 15, 2041 3.125 111.7891 111.8203 May 15, 2046 2.500 97.992298.0234 ASKED YLD CHG TO MAT -0.0859 0.791 -0.0859 0.933 -0.2656 1.225 -0.3438 1.730 -0.7969 1.950 -0.8750 2.496 -0.9063 2.595 Figure 2.3 Listing of Treasury bonds and notes Source: Compiled from data obtained from The Wall Street Journal Online, May 16, 2016


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