Question: Question 10 (of 40) Save value: 0.75 points Problem 6-30 Coupon Rates [LO 2] You find the following Treasury bond quotes. To calculate the number

Question 10 (of 40) Save value: 0.75 points Problem 6-30 Coupon

Question 10 (of 40) Save value: 0.75 points Problem 6-30 Coupon Rates [LO 2] You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000 Maturity MolYr May 23 103.5527 103.6409 +.3080 Ask Yld 2.429 Rate Bid Asked Chg 5.474May 28 104.5017 104.6474 +4353 6.188 May 38 +.5470 4.131 In the above table, find the Treasury bond that matures in May 2023. What is the coupon rate for this bond? (Do not round intermediate calculations and enter your ans percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate 4.951 % References eBook & Resources Section: 6.1 Bonds and Bond Valuation Worksheet Difficulty: 2 Intermediate Learning Objective: 06-02 Describe bond values and why they fluctuate Problem 6-30 Coupon Rates LO 2 F8 F5 F6 8

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