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What is the Bid price? How do you find the previous day price?

Locate the Treasury issue in Figure 74 maturing in August 2025. 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.) your answer to 2 decimal places, e.g., 32.16.) calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is its bid price in dollars? (Do not round intermediate calculations and round c. What was the previous days asked price in dollars? (Do not round intermediate a. Coupon rate b. Bid price c. Previous days price 6.875 % 135.84
Treasury Notes and Bonds Maturity 11/15/2018 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 8/15/2029 5/15/2030 Asked Yield 1.160 1.286 1.558 1.857 2.004 2.096 2.210 2.262 92.4922 0.2969 2.380 2.414 2.473 2.485 2.478 2.478 2.478 Chg Coupon 1.250 0.875 1.125 8.125 2.000 1.500 2.500 6.875 1.500 6.375 5.500 5.250 5.250 6.125 6.250 Bid 100.1484 99.0703 98.5938 127.4844 99.9609 96.5703 101.9375 135.8438 92.4766 136.8281 130.2891 128.1563 Asked 100.1641 99.0859 98.6094 127.5000 99.9766 96.5859 101.9531 0.0391 0.0625 0.1016 0.2344 0.2266 0.2500 0.3125 135.8594 0.3438 0.4688 0.4531 0.4453 128.7578 128.8203 0.4609 0.5391 142.5781 142.6406 0.5938 136.8438 130.3516 128.2188 139.1875 139.2500

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Answer #1

Answer:

Coupon rate 6875% a. b.Bid price c. Previous days asked price $13,551.56 $13,585.38

Workings:

Treasury note maturing on Aug 15, 2025

Coupon rate = 6.875%

Bid price in dollars = Par value * 135.8438% = 10000 * 135.8538% = $13585.38

Previous days asked price in dollars = Par value * (Asked price - Change) =10000 * (135.8594 - 0.3438) = $13,551.56

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