Which statement is INCORRECT given the following Treasury quotes? 9/1/2033 5.750 148.6533 149.0013 -.8511...

70.2K

Verified Solution

Question

Finance

Which statement is INCORRECT given the following Treasury quotes?

9/1/2033 5.750 148.6533 149.0013 -.8511 2.985

A. Although this bond's coupon rate is 5.75%, its yield-to-maturity is only 2.985%.

B. The bid price is 148.6533% of par.

C. The dealer is willing to sell this bond to you for $1,490.013.

D. This bonds ask price on the previous trading day was lower than today's price by $8.511 (i.e., eight dollars and 51+ cents).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students