Maturity: 1/15/2033 Coupon rate (%): 3.000 Bid price: 95.3000 Asked price: 95.5000 Asked yield (%): 3.538 Story problem: Assume the Treasury quote above is for a bearer bond. Jennifer is an investor who buys $500,000 of par value from the dealer and holds the bond to maturity. Mat is an investor who sells $500,000 of par value to the dealer.

How many dollars did Mat receive when he sold the $500,000 of par value to the dealer?

Answer rating: 100% (QA)

To calculate how many dollars Mat received when he so... View the full answer