You find the following Treasury bond quotes. lo calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 5.952 6.133 Maturity Month/Year Coupon rate May 30 May 35 May 45 Bid 103.5384 104.4874 ?? Asked 103.6262 % 104.6331 ?? Change Ask Yield +.3222 +.4221 +.5327 In the above table, find the Treasury bond that matures in May 2030. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 2.209 ?? 3.911

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All
of the bonds have a par value of $1,000 and pay semiannual coupons.
Rate
??
5.952
6.133
Maturity
Month/Year
May 30
May 35
May 45
Coupon rate
Bid
103.5384
104.4874
??
Asked
103.6262
104.6331
??
%
Change
+.3222
+.4221
+.5327
In the above table, find the Treasury bond that matures in May 2030. What is the coupon rate for this bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Ask Yield
2.209
??
3.911
Transcribed Image Text:You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 5.952 6.133 Maturity Month/Year May 30 May 35 May 45 Coupon rate Bid 103.5384 104.4874 ?? Asked 103.6262 104.6331 ?? % Change +.3222 +.4221 +.5327 In the above table, find the Treasury bond that matures in May 2030. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Ask Yield 2.209 ?? 3.911
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