Question: A $1,000 face value, semiannual payment U.S. Treasury note with a coupon rate of 3% has an ask quote of 118:24 and bid quote of
A $1,000 face value, semiannual payment U.S. Treasury note with a coupon rate of 3% has an ask quote of 118:24 and bid quote of 118:16. The bond made a coupon payment 62 days ago . If you selling it the today, the invoice price is______? Keep two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
