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Refer to Figure 2.3 and look at the Treasury bond maturing in May 2023. ...

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Finance

Refer to Figure 2.3 and look at the Treasury bond maturing in May 2023.

image

a. How much would you have to pay to purchase one of these bonds? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

b. What is its coupon rate? (Round your answer to 3 decimal places.)

c. What is the yield to maturity of the bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

LISTING OF TREASURY ISSUES MATURITY COUPON BID ASKED 15-Feb-2019 2.750 100.0391 100.0547 30-Apr-2021 2.250 99.7500 99.7656 15-May-2023 1.750 97.4531 97.4688 15-Aug-2029 6.125 132.7266 132.7891 15-Feb-2036 4.500 125.4688 125.5313 15-Aug-2048 3.000 101.8984 101.9297 ASKED YIELD TO CHANGE MATURITY 0.0078 2.256 0.2344 2.354 0.4766 2.364 1.1406 2.575 1.5391 2.637 1.5391 2.902 Figure 2.3 Listing of Treasury bonds and notes Source: The Wall Street Journal Online, January 3, 2019

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