What is its coupon rate? ( Do not round intermediate calculations. Roun d your a
ID: 2750776 • Letter: W
Question
What is its coupon rate? (Do not round intermediate calculations. Round your answer to 3 decimal places (e.g., 32.161).)
What is its bid price in dollars? (Do not round intermediate calculations. Round your answer to 3 decimal places (e.g., 32.1616).)
What was the previous day’s asked price in dollars? (Do not round intermediate calculations. Round your answer to 3 decimal places (e.g., 32.1616).)
Locate the Treasury issue in Figure 6.3 maturing in August 2029. Assume a par value of $1,000.
Explanation / Answer
Coupon rate:
= 6.125%
Bid price:
= $1,000×147.8125%
= $1,479.125
Ask price:
= $1,000×147.8438%
= $1,478.438
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