Coupon Rate Assignment
February 18th, 2020
Locate the Treasury issue in Figure 74 maturing in November 2028. Assume a par value of $10,000
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.)
Answer is complete but not entirely correct.
Coupon rate 5.250
Bid price 12,338.28
Previous day’s |price 12,416.40. Get Finance homework help today