Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Problem 8-14 Using Treasury Quotes
Locate the Treasury bond in Figure 8.5 maturing in August 2040. Assume a par value of
$20,000.
a. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal
places, e.g., 32.161.)
b. What is its bid price in dollars? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
c. 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.)
a. Coupon rate
b. Bid price
c. Previous day's asked price
%
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Transcribed Image Text:Problem 8-14 Using Treasury Quotes Locate the Treasury bond in Figure 8.5 maturing in August 2040. Assume a par value of $20,000. a. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) b. What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. 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.) a. Coupon rate b. Bid price c. Previous day's asked price %
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