Question: I know the answer is C, but my question is how//why are the prices quoted in 32nd of a dollar to get the answer for

I know the answer is C, but my question is how//why are the prices quoted in 32nd of a dollar to get the answer for the following question: A Treasury bond is quoted at a price of 105:10. What is the market price of this bond if the face value is $5,000? A.$5,005.15 B.$5,105.15 C.$5,265.63 D.$5,273.44 E. $5,515.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

You will be choosing a public company and you will be calculating the WACC of that company using real world data. Make sure to cite the where the data from . You will need to find the YTM (yield to...

if you could please help me solve this excel exercise yes this is excel D3 B D E F G Personal Investments 1 Growth Rate 2 Investment Fund 3. Treasury Bond 4 Corporate Bond 5 Domestic Dividend 6. Mid...

Help solved question a, b, c & d. Thanks Question 12 (answer all parts) You are asked to compare the following securities: a treasury bill, FTSE 100 (market portfolio), JBond PLC (a utility company...

Please complete the following test. Use the the word document "Test 1 Directions" for directions. Then use the "Test 1" RTF to complete the "Test 1 Answers Sheet RTF." Please let me know if you have...

I need help with these questions. I will pay $30. This submission limit to $8 only. Can I get by tomorrow noon. 11/16/2017.Please provide excel with calculations Question 2 Assume that you are...

Please answer PART C FINAL AUDIT - Question 6 Audit Report, thanks. Bb Sheet2 X + X C...

please answer part A THROUGH h QUESTION 16 4 points Save Answer Consider an MPT with the following characteristics: Number of mortgages in the pool: 50 All 50 mortgages are fully amortizing 15 year...

Three algorithms A, B, and C, are under consideration for the Insert operation of a particular data set. Through an analysis of these algorithms, their speed functions have been determined to be:...

Recall that the file contains information on the quantitative variables, size (number of carats) and price (in dollars), and on the qualitative variables, color (D, E, F, G, H. and I), clarity (IF....

Question 9 ( 2 points ) Saved The history of financial markets tells us that different classes of financial assets have different return dispersions. Which of the following asset classes typically...

49. A gas expands and does 215 J of work on a piston. The gas exerts a pressure of 1230 Pa on the piston. What is the change in volume of the gas? A. 0. 175 m3 B. 5.72 m3 C. 12.1 m3 D. 264000 m3 ians...

3. Suppose that a society contains only two members, a lawyer named Monique and a handyman named James. Five years ago, Monique made $100,000 while James made $50,000. This year, Monique will make...

LO24.3 Discuss the problem of limited access to health care for those without insurance.

LO24.1 Convey important facts about rising health care costs in the United States.