What is its coupon rate? ( Do not round intermediate calculations. Round your an
ID: 2777246 • 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 February 2031. Assume a par value of $1,000.
Explanation / Answer
1. Coupon rate = 5.375% +/- 1%
2. Bid Price= 138.5781%*1000 = $ 1385.781 +/- 0.1%
3. Previous day's asked price= 138.6250-0.8281=137.7969%*1000=$ 1377.969 +/-0.1%
(Today's asked price - Change)
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