Suppose the following information is quoted for a hypothetical Treasury security:

a. What is the bid price per $100 of par value?

b. If an investor wanted to purchase $100,000 of par value of this Treasury security, what is the clean price?

c. What is the ask price per $100 of par value?

d. If an investor wanted to purchase $100,000 of par value of this Treasury security, what is the clean price?

e. What does the “Change” of −5 mean?

f. What does the “Yield” column mean?

g. Suppose that instead of a bid of 110.25 it is 110.25+. What would be the clean price per $100 of par value?

Transcribed Image Text:

Issue 4% 3/21/2040-B Bid Ask Change 110.25 29 -5 Yield ?