FIGURE 7.5 Sample Wall Street Journal U.S. Treasury Note and Bond Prices Treasury Notes and Bonds Bid Maturity 5/15/2020 Coupon 8.75 Asked Yield Asked 103.184 100.3 Chg -0.022 103.18 12/31/2020 2.5 100.294 1.649 1.661 -0.006 9/30/2021 1.125 98.304 98.31 0.102 1.684 4/30/2022 1.75 100.05 0.008 1.679 12/31/2022 2.125 0.002 1/31/2023 1.75 101.096 100.042 102.194 1.69 1.702 0.006 2.5 0.002 1.25 1.698 1.703 98.114 2 101.036 1.735 101.066 2 2.5 1.719 100.054 101.102 100.046 102 98.12 101.042 101.072 103.206 106.216 130.21 132.18 105.306 134.16 132.25 103.202 1.765 3 106.212 1.814 6.5 6.375 3/31/2023 7/31/2023 4/30/2024 5/31/2024 1/31/2025 10/31/2025 11/15/2026 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 5/15/2038 2/15/2039 5/15/2040 8/15/2041 8/15/2042 11/15/2042 130.2 132.17 105.296 1.821 1.85 0.004 -0.006 0.004 -0.004 -0.002 -0.030 -0.022 -0.008 -0.036 -0.770 -0.094 -0.074 -0.076 -0.078 2.625 1.919 5.375 134.14 4.5 1.947 2.108 5 2.131 4.5 3.5 132.23 141.22 135.026 119.214 134.034 123.23 106,094 2.182 2.233 141.24 136.046 119.234 135.054 123.25 106.114 106.102 4.375 3.75 2.75 2.28 -0.786 2.348 2.386 -0.080 -0.082 2.75 106.082 2.391 2/15/2043 3.125 113 -0.760 2.39 5/15/2043 2.875 108.152 -0.094 2.398 113.02 1008.172 113.136 111.156 8/15/2044 3.125 113.116 -0.078 2.402 3 11/15/2045 111.136 -0.080 2.403 2.5 101.174 101.194 2.417 2/15/2046 5/15/2047 -0.080 -0.760 3 111.25 111.27 2.409 2.25 96.16 96.18 8/15/2049 -0.074 2.413 Locate the Treasury bond in Elgure 7.5 maturing in February 2031. Assume a $10,000 pan value a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Premium or discount bond b. Current yield c. Yield to maturity d. Bid ask spread % %