Question: A semi annual payment, $1,000 face value U.S. Treasury note with a coupon rate of 6% has an ask quote of 110:22 and bid quote
A semi annual payment, $1,000 face value U.S. Treasury note with a coupon rate of 6% has an ask quote of 110:22 and bid quote of 110:13 (in 32nd). The bond made a coupon payment 30 days ago . If you buy it the today, how much is the invoice price?
1111.82
1109
1106.88
1104.06
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