Problem 7-16 Using Treasury Quotes (L02] Locate the Treasury issue in Figure 7.5 maturing in August 2042. Assume a par value of $10,000. a. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g. 32.161.) b. What is its bid price in dollars? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What was the previous day's asked price in dollars? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 2.750 % a. Coupon rate b. Bid price c. Previous day's price Coupon Bid Asked Yield Chg -0.022 8.75 Maturity 5/15/2020 12/31/2020 9/30/2021 103.184 1.649 103.18 100.294 2.5 100.3 1.661 1.684 1.125 1.75 4/30/2022 98.31 100.054 1.679 2.125 -0.006 0.102 0.008 0.002 0.006 0.002 0.004 1.75 1.69 1.702 2.5 12/31/2022 1/31/2023 3/31/2023 7/31/2023 4/30/2024 5/31/2024 1/31/2025 1.698 1.25 2 2 101.102 100.046 102 98.12 101.042 101.072 103.206 106.216 130.21 132.18 105.306 134.16 1.703 1.735 1.719 1.765 1.814 2.5 98.304 100.05 101.096 100.042 102.194 98.114 101.036 101.066 103.202 106.212 130.2 132.17 105.296 134.14 132.23 141.22 135.026 119.214 134.034 123.23 3 10/31/2025 11/15/2026 6.5 6.375 1.821 1.85 1.919 8/15/2027 2/15/2029 2/15/2031 2/15/2036 2/15/2037 5/15/2038 2/15/2039 5/15/2040 2.625 5.375 4.5 1.947 -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 -0.786 -0.080 -0.082 -0.760 -0.094 -0.078 5 2.108 2.131 132.25 141.24 136.046 119.234 135,054 123.25 106.114 4.5 3.5 4.375 3.75 2.75 2.182 2.233 2.28 2.348 8/15/2041 106.094 2.386 2.75 106.082 8/15/2042 11/15/2042 2/15/2043 5/15/2043 8/15/2044 3.125 2.875 3.125 113 108.152 113.116 106.102 113.02 1008.172 2.391 2.39 2.398 2.402 113.136 12/31/2022 101.096 101.102 0.002 2.125 1.75 1.69 1.702 1/31/2023 100.042 100.046 0.006 0.002 2.5 102.194 102 1.698 3/31/2023 7/31/2023 1.25 98.114 98.12 0.004 -0.006 1.703 1.735 4/30/2024 2 101.036 101.042 5/31/2024 2 101.066 0.004 1.719 1/31/2025 2.5 103.202 101.072 103.206 106.216 -0.004 1.765 10/31/2025 3 106.212 -0.002 1.814 11/15/2026 6.5 130.2 -0.030 1.821 130.21 132.18 8/15/2027 -0.022 1.85 6.375 2.625 5.375 132.17 105.296 105.306 -0.008 1.919 134.14 134.16 -0.036 1.947 4.5 132.23 132.25 2.108 5 141.24 -0.770 -0.094 -0.074 141.22 135.026 119.214 2.131 136.046 2.182 119.234 135.054 2/15/2029 2/15/2031 2/15/2036 2/15/2037 S/15/2038 2/15/2039 5/15/2040 8/15/2041 8/15/2042 11/15/2042 2/15/2043 5/15/2043 8/15/2044 11/15/2045 2/15/2046 5/15/2047 8/15/2049 4.5 3.5 4.375 3.75 2.75 2.75 3.125 123.25 -0.076 -0.078 -0.786 -0.080 134.034 123.23 106.094 106.082 2.233 2.28 2.348 2.386 2.391 106.114 2.39 2.875 3.125 113 108.152 113.116 111.136 101.174 111.25 -0.082 -0.760 -0.094 -0.078 3 2.5 106.102 113.02 1008.172 113.136 111.156 101.194 111.27 96.18 2.398 2.402 2.403 2.417 3 -0.080 -0.080 -0.760 -0.074 2.409 2.25 96.16 2.413