Refer to the T-note and T-bond quotes in Table 6–1.

a. What is the asking price on the 1.750 percent May 2023 T-bond if the face value of the bond is $10,000?
b. What is the bid price on the 0.375 percent May 2016 T-note if the face value of the bond is $10,000? 

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GLOW Iv 168 TABLE 6-1 Treasury Note and Bond Quote Treasury Notes & Bonds Tuesday, July 16, 2013 Treasury note and bond data are representative over-the-counter quotations as of 3 pm. Eastern time. For notes and bonds callable prior to maturity, yields. are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par. Maturity 7/31/2013 8/15/2013 8/31/2013 9/15/2013 9/30/2013 10/15/2013 10/31/2013 11/15/2013 11/30/2013 3/31/2014 4/30/2014 4/30/2014 5/31/2014 5/31/2014 6/30/2014 6/30/2014 7/31/2014 7/31/2014 8/15/2014 8/31/2014 8/31/2014 9/30/2014 9/30/2014 10/31/2014 10/31/2014 11/15/2014 11/30/2014 11/30/2014 12/15/2014 12/31/2014 12/31/2014 11/15/2016 11/30/2016 12/31/2016 3/31/2017 4/30/2017 5/15/2017 5/31/2017 6/30/2017 7/31/2017 8/15/2017 8/31/2017 9/30/2017 5/31/2020 6/30/2020 8/15/2020 11/15/2020 2/15/2021 Part 2 Securities Markets 5/15/2021 5/15/2021 8/15/2021 11/15/2021 8/15/20142 11/15/2042 2/15/2043 5/15/2043 STRIP -0.005 0.031 Asked Asked Chg yield Bid Coupon -0.0078 -0.257 3.375 100.1250 100.14067 -0.0078 -0.040 4.250 100.3359 100.3438 -0.0078 3.125 100.3750 100.3828 0.750 100.1094 100.1172. 0.125 100,0156 100.0234 0.500 100.1094 100.1172 2.750 100.7734 100.78131 4.250 101.3750 101.3828 2.000 100.7109 100.7188 1.750 101.1328 101.1563 0.250 100.0938 100.1016 1.875 101.3672 101.3750 0.250 100.1016 100.1094 0.0078 2.250 101.8281 101.8359 -0.0078 0.250 100.0977 100.1211 2.625 102.3594 102.3672 0.0078 0.0078 unch. 0.125 99.9766 99.9844 2.625 102.5547 102.5625 unch. unch unch -0.0078 -0.0078 unch. -0.0078 0.0078 unch. unch. 0.0078 DOLL 0.023 0.037 4.250 104.3984 104.4063 0.250 100.0938 100.1016 2.375 102.4688 102.4766 unch. 0.250 10.0781 100.1016 0.0078 2.375 102.6406 102.6563 0.0078 0.250 100.0859 100.0938 2.375 102.7969 102.8125 105.3828 4.250 105.3516 0.250 100.0703 100.0781 2.125 102.6250 102.6406 0.250 100.0547 100.0625 0.125 99.8594 99.8750 2.625 103.4844 103.5078 4.625 112.6484 112.6797 2.750 106.4609 106.5234 3.250 108.2422 108 3047 0,044 0.065 0.109 0.124 0.141 -0.0039 0.123 0.141 0.140 0.121 0.129 0.155 0.165 0.159 0.165 0.166 0.167 3.250 108.4531 108.4844. 3.125 108.0313 108.0625 0.0625 4.500 113.2188 113.2813 0.0625 0.0781 2.750 106.6875 106.7188 2.500 105.6953 105.7266 0.0859 2.375 105.1875 105.2188 0.0938 0.0859 4.750 1147109 114.7422 1.049 1.875 103.1094 103.1406 0.1016 1.094 1.875 103.0391 103.0703 0.1016 1.125 1.375 96.3828 964297 0.0625 1.932 1.875 99.5313 99.5469 0.0938 1.945 2.625 104 4766 104.5234 0.0781 1.938 2.625 104.2031 104.2500 0.1641 1.998 3.625 110.9609 111.0078 0.1484 2.049 3.125 107.1953 107.2266 0.1484 2.118 8.125 143.9531 144.0000 0.1328 2.020 2.125 99.3672 99,3828 0.1406 2.209 2.000 97.9922 98.0078 0.1641 2.264 2.750 84.9453 84.9609 0.4297 2750 84.8359 84.8516 0.4297 3.589 3.125 91.8281 91.8906 04375 3.571 2.875 87.0313 87.0938 04453 3.587 3.583 Source: The Wall Street Journal Online, July 17, 2013. www.wsj.com 0.0078 0.177 0.0078 0.188 0.192 -0.0234 0.0078 0.193 unch. 0.196 0.0156 0.206 0.0078 0.211 0.0156 0.207 0.1094 0,760 0.0469 0.0703 0.0859 0.785 0.807 0.915 0.953 0.959 0.977 1.019 1.052 U.S. Treasury Strips Tuesday, July 16, 2013 U.S. zero-coupon STRIPS allow investors to hold the interest and principal components of eligible Treasury notes and bonds as separate securities. STRIPS offer no interest payment; investors receive payment only at maturity. Quotes are as of 3 p.m. Eastern time based on transactions of $1 million or more. Yields calculated on the ask quote. Bid Asked Maturity Treasury Bond, Stripped Principal 2015 Feb 15 99.589 2015 Aug 15 99.231 2015 Nov 15 98.961 98.659 98.322 2016 Feb 15 2016 May 15 2016 Aug 15 2020 Aug 15 2021 Feb 15 2021 May 15 2021 Aug 15 2021 Nov 15 2022 Aug 15 2026 Aug 15 2027 Feb 15 2027 Aug 15 2027 Nov 15 2028 Aug 15 2039 Aug 15 2039 Nov 15 2043 Feb 15 2043 May 151 2013 Aug 15 2014 Feb 15 2014 Aug 15 2015 Feb 15 2015 Aug 15 2019 Oct 31 2020 Jan 31 2022 May 15 2022 Nov 15 2033 Aug 15 2033 Nov 15 2034 Feb 15 97.858 86.623 84.869 84.038 83.104 82.191 79.857 66.397 64.822 63.224 99.810 99.585 99.226 89.400 88.548 80.706 79.056 Stripped Coupon Interest 2013 Aug 15 99.995 2013 Nov 15 99.967 2016 Jun 30 98.104 2016 Aug 15 97.903 2021 Aug 15 2021 Nov 15 2022 Feb 15 2022 May LS 2022 Aug 15. 2022 Nov 15 2023 May 15 2023 Aug 15 2039 Aug 15 2039 Nov 15 2042 Nov 15 62.471 60.386 38.138 37.643 32.694 32.388 Treasury Note, Stripped Principal 2043 Feb 15 2043 May 15 99.996 99.932 82.906 81.989 81.195 80.408 79.553 78.657 76.939 76.045 48.388 47.907 47.401 37.798 37.401 99.605 99.251 32.887 32.552 32.246 98.984 98.684 98.350 97.888 86.684 84.933 84.103 83.171 82.259 79.928 66.483 64.909 63.311 62.559 60.476 38.236 37.741 32.789 32.483 99.997 99.938 99.821 99.601 99.246 89.456 88.605 80.777 79.129 99.996 99.970 98.133 97.934 82.972 82.056 81.264 80,478 79.624 78.729 77.013 76.121 48.484 48.003 47.497 37.895 37,498 32.982 32.646 32.340 Chg Asked yield 0.034 0.024 0.038 0.049 0.053 0.065 0.089 0.113 0.099 0.101 0.103 0.152 0.223 0.204 0.206 0.207 0.255 0.251 0.250 0.268 0.267 unch. unch. -0.001 0.022 0.040 0.093 0.084 0.149 0.173 unch. unch. 0.055 0.057 0.102 0.103 0.146 0.149 0.152 0.154 0.159 0.160 0.247 0.247 0.247 0.273 0.273 0.266 0.266 0.266 Ma STRIPS. In 1985, the Treasury began issuing 10-year notar cial institutions using a book-entry SOU Registered Interest 0.25 0.36 0.44 0.51 0.59 0.69 2.03 2.17 2.22 2.29 2.36 2.48 3.14 3.21 3.27 3.30 3.36 3.72 3.73 3.81 3.81 0.04 0.11 0.17 0.25 0.36 1.78 1.86 2.43 2.53 0.05 0.09 0.64 0.68 2.32 2.39 2.43 2.47 2.53 2.58 2.67 2.72 3.64 3.64 3.65 3.76 3.76 3.82 3.82 3.82 GLOW Iv 168 TABLE 6-1 Treasury Note and Bond Quote Treasury Notes & Bonds Tuesday, July 16, 2013 Treasury note and bond data are representative over-the-counter quotations as of 3 pm. Eastern time. For notes and bonds callable prior to maturity, yields. are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par. Maturity 7/31/2013 8/15/2013 8/31/2013 9/15/2013 9/30/2013 10/15/2013 10/31/2013 11/15/2013 11/30/2013 3/31/2014 4/30/2014 4/30/2014 5/31/2014 5/31/2014 6/30/2014 6/30/2014 7/31/2014 7/31/2014 8/15/2014 8/31/2014 8/31/2014 9/30/2014 9/30/2014 10/31/2014 10/31/2014 11/15/2014 11/30/2014 11/30/2014 12/15/2014 12/31/2014 12/31/2014 11/15/2016 11/30/2016 12/31/2016 3/31/2017 4/30/2017 5/15/2017 5/31/2017 6/30/2017 7/31/2017 8/15/2017 8/31/2017 9/30/2017 5/31/2020 6/30/2020 8/15/2020 11/15/2020 2/15/2021 Part 2 Securities Markets 5/15/2021 5/15/2021 8/15/2021 11/15/2021 8/15/20142 11/15/2042 2/15/2043 5/15/2043 STRIP -0.005 0.031 Asked Asked Chg yield Bid Coupon -0.0078 -0.257 3.375 100.1250 100.14067 -0.0078 -0.040 4.250 100.3359 100.3438 -0.0078 3.125 100.3750 100.3828 0.750 100.1094 100.1172. 0.125 100,0156 100.0234 0.500 100.1094 100.1172 2.750 100.7734 100.78131 4.250 101.3750 101.3828 2.000 100.7109 100.7188 1.750 101.1328 101.1563 0.250 100.0938 100.1016 1.875 101.3672 101.3750 0.250 100.1016 100.1094 0.0078 2.250 101.8281 101.8359 -0.0078 0.250 100.0977 100.1211 2.625 102.3594 102.3672 0.0078 0.0078 unch. 0.125 99.9766 99.9844 2.625 102.5547 102.5625 unch. unch unch -0.0078 -0.0078 unch. -0.0078 0.0078 unch. unch. 0.0078 DOLL 0.023 0.037 4.250 104.3984 104.4063 0.250 100.0938 100.1016 2.375 102.4688 102.4766 unch. 0.250 10.0781 100.1016 0.0078 2.375 102.6406 102.6563 0.0078 0.250 100.0859 100.0938 2.375 102.7969 102.8125 105.3828 4.250 105.3516 0.250 100.0703 100.0781 2.125 102.6250 102.6406 0.250 100.0547 100.0625 0.125 99.8594 99.8750 2.625 103.4844 103.5078 4.625 112.6484 112.6797 2.750 106.4609 106.5234 3.250 108.2422 108 3047 0,044 0.065 0.109 0.124 0.141 -0.0039 0.123 0.141 0.140 0.121 0.129 0.155 0.165 0.159 0.165 0.166 0.167 3.250 108.4531 108.4844. 3.125 108.0313 108.0625 0.0625 4.500 113.2188 113.2813 0.0625 0.0781 2.750 106.6875 106.7188 2.500 105.6953 105.7266 0.0859 2.375 105.1875 105.2188 0.0938 0.0859 4.750 1147109 114.7422 1.049 1.875 103.1094 103.1406 0.1016 1.094 1.875 103.0391 103.0703 0.1016 1.125 1.375 96.3828 964297 0.0625 1.932 1.875 99.5313 99.5469 0.0938 1.945 2.625 104 4766 104.5234 0.0781 1.938 2.625 104.2031 104.2500 0.1641 1.998 3.625 110.9609 111.0078 0.1484 2.049 3.125 107.1953 107.2266 0.1484 2.118 8.125 143.9531 144.0000 0.1328 2.020 2.125 99.3672 99,3828 0.1406 2.209 2.000 97.9922 98.0078 0.1641 2.264 2.750 84.9453 84.9609 0.4297 2750 84.8359 84.8516 0.4297 3.589 3.125 91.8281 91.8906 04375 3.571 2.875 87.0313 87.0938 04453 3.587 3.583 Source: The Wall Street Journal Online, July 17, 2013. www.wsj.com 0.0078 0.177 0.0078 0.188 0.192 -0.0234 0.0078 0.193 unch. 0.196 0.0156 0.206 0.0078 0.211 0.0156 0.207 0.1094 0,760 0.0469 0.0703 0.0859 0.785 0.807 0.915 0.953 0.959 0.977 1.019 1.052 U.S. Treasury Strips Tuesday, July 16, 2013 U.S. zero-coupon STRIPS allow investors to hold the interest and principal components of eligible Treasury notes and bonds as separate securities. STRIPS offer no interest payment; investors receive payment only at maturity. Quotes are as of 3 p.m. Eastern time based on transactions of $1 million or more. Yields calculated on the ask quote. Bid Asked Maturity Treasury Bond, Stripped Principal 2015 Feb 15 99.589 2015 Aug 15 99.231 2015 Nov 15 98.961 98.659 98.322 2016 Feb 15 2016 May 15 2016 Aug 15 2020 Aug 15 2021 Feb 15 2021 May 15 2021 Aug 15 2021 Nov 15 2022 Aug 15 2026 Aug 15 2027 Feb 15 2027 Aug 15 2027 Nov 15 2028 Aug 15 2039 Aug 15 2039 Nov 15 2043 Feb 15 2043 May 151 2013 Aug 15 2014 Feb 15 2014 Aug 15 2015 Feb 15 2015 Aug 15 2019 Oct 31 2020 Jan 31 2022 May 15 2022 Nov 15 2033 Aug 15 2033 Nov 15 2034 Feb 15 97.858 86.623 84.869 84.038 83.104 82.191 79.857 66.397 64.822 63.224 99.810 99.585 99.226 89.400 88.548 80.706 79.056 Stripped Coupon Interest 2013 Aug 15 99.995 2013 Nov 15 99.967 2016 Jun 30 98.104 2016 Aug 15 97.903 2021 Aug 15 2021 Nov 15 2022 Feb 15 2022 May LS 2022 Aug 15. 2022 Nov 15 2023 May 15 2023 Aug 15 2039 Aug 15 2039 Nov 15 2042 Nov 15 62.471 60.386 38.138 37.643 32.694 32.388 Treasury Note, Stripped Principal 2043 Feb 15 2043 May 15 99.996 99.932 82.906 81.989 81.195 80.408 79.553 78.657 76.939 76.045 48.388 47.907 47.401 37.798 37.401 99.605 99.251 32.887 32.552 32.246 98.984 98.684 98.350 97.888 86.684 84.933 84.103 83.171 82.259 79.928 66.483 64.909 63.311 62.559 60.476 38.236 37.741 32.789 32.483 99.997 99.938 99.821 99.601 99.246 89.456 88.605 80.777 79.129 99.996 99.970 98.133 97.934 82.972 82.056 81.264 80,478 79.624 78.729 77.013 76.121 48.484 48.003 47.497 37.895 37,498 32.982 32.646 32.340 Chg Asked yield 0.034 0.024 0.038 0.049 0.053 0.065 0.089 0.113 0.099 0.101 0.103 0.152 0.223 0.204 0.206 0.207 0.255 0.251 0.250 0.268 0.267 unch. unch. -0.001 0.022 0.040 0.093 0.084 0.149 0.173 unch. unch. 0.055 0.057 0.102 0.103 0.146 0.149 0.152 0.154 0.159 0.160 0.247 0.247 0.247 0.273 0.273 0.266 0.266 0.266 Ma STRIPS. In 1985, the Treasury began issuing 10-year notar cial institutions using a book-entry SOU Registered Interest 0.25 0.36 0.44 0.51 0.59 0.69 2.03 2.17 2.22 2.29 2.36 2.48 3.14 3.21 3.27 3.30 3.36 3.72 3.73 3.81 3.81 0.04 0.11 0.17 0.25 0.36 1.78 1.86 2.43 2.53 0.05 0.09 0.64 0.68 2.32 2.39 2.43 2.47 2.53 2.58 2.67 2.72 3.64 3.64 3.65 3.76 3.76 3.82 3.82 3.82

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