U.S. Treasury QuotesTreasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time.Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond pricesMaturity8/15/20212/28/20223/31/20234/30/202512/31/202611/15/202711/15/20288/15/20295/15/20302/15/20312/15/20375/15/20385/15/20392/15/20402/15/20412/15/20438/15/204411/15/20455/15/20465/15/20478/15/204811/15/204911/15/2050Coupon2.1251.1251.5000.3751.7506.1253.1256.1256.2505.3754.7504.5004.2504.6254.7503.1253.1253.0002.5003.0003.0002.3751.625Bid101.040101.036102.310100.042106.256136.020117.020143.034147.014141.126148.126146.230144.006151.024154.232126.162126.312125.006114.194125.200126.014112.09094.242Asked101.044101.042102.314100.046106.262136.024117.030143.044147.024141.136148.136146.250144.026151.044154.252126.182127.012125.026114.214125.220126.034112.11094.262Change-0.006-0.006-0.0040.0120.0240.7100.7080.7200.7280.0260.0900.0980.7800.8080.1260.1120.1200.7840.0980.1000.7800.7780.090AskedYield0.0770.0890.1280.3400.5790.6880.8560.8800.9511.0281.3781.4371.4891.5231.5591.6791.7241.7491.7771.7741.7951.8221.852 Locate the Treasury issue in Figure 6.4 maturing in August 2029. Assume a parvalue of $10,000.a. What is its coupon rate?Note: Do not round intermediate calculations and enter your answer as apercent rounded to 3 decimal places, e.g., 32.161.b. What is its bid price in dollars?Note: Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.c. What was the previous day's asked price in dollars?Note: Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.a. Coupon rateb. Bid pricec. Asked price%

Bonds are paid annual coupon payments on the rate specified and par value of bond is paid on the…

Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices Maturity 8/15/2021 2/28/2022 3/31/2023 4/30/2025 12/31/2026 11/15/2027 11/15/2028 Coupon 2.125 1.125 1.500 0.375 1.750 6.125 3.125 Bid 101.040 101.036 102.310 100.042 106.256 136.020 117.020 Asked 101.044 101.042 102.314 100.046 106.262 136.024 117.030 Change -0.006 -0.006 -0.004 0.012 0.024 0.710 0.708 Asked Yield 0.077 0.089 0.128 0.340 0.579 0.688 0.856

Treasury note and bond data are representative over-the-counter quotations as of 3 p.m. Eastern time Figure 6.4 Sample Wall Street Journal U.S. Treasury note and bond prices Maturity 8/15/2021 2/28/2022 3/31/2023 4/30/2025 12/31/2026 11/15/2027 11/15/2028 Coupon 2.125 1.125 1.500 0.375 1.750 6.125 3.125 Bid 101.040 101.036 102.310 100.042 106.256 136.020 117.020 Asked 101.044 101.042 102.314 100.046 106.262 136.024 117.030 Change -0.006 -0.006 -0.004 0.012 0.024 0.710 0.708 Asked Yield 0.077 0.089 0.128 0.340 0.579 0.688 0.856

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.3.3MBA

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