Locate the Treasury bond in Figure 5.4 that matures in August 2028. What is its coupon rate?

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Locate the Treasury bond in Figure 5.4 that matures in August 2028. What is its coupon rate? What is its bid price? What was the previous day€™s asked price? Assume a par value of $1,000.

In figure 5.4

Treasury Bonds Asked Maturity 3/31/2016 1/31/2017 4/15/2018 4/30/2018 Chg yleld Coupon Bld Asked 2.375 100.1953 100.2109

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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