Question: The answers in the box are both wrong. Please provide the correct answer. Table 6-1 is provided ces Check my wa Refer to the Treasury-note

ces Check my wa Refer to the Treasury-note and Treasury-bond quotes in Table 6-1. a. What is the asking price on the 2.250 percent November 2024 Treasury-bond if the face value of the bond is $10,000? b. What is the bid price on the 0.875 percent September 2016 Treasury-note if the face value of the bo is $10,000? (For all requirements, round your answers to 2 decimal places. (e.g., 32.16)) Amount a. The Ask price 1.037.600.00 $ b. The Bid price 1,001,300.00 TABLE 6-1 Treasury Note and Bond Quote Treasury Notes & Bonds U.S. Treasury Strips Monday, May 23, 2016 Monday, May 23, 2016 Treasury note and bond data are representative over-the-counter quotations as of 3pm Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par US zero-coupon STRIPS allow investors to hold the interest and principal components of eligible Treasury notes and bonds as separate securties STRIPS offer no intarest payment investors receive payment only at maturity. Quotes are as of 3 pm Eastern time based on transactions of $1 million or more. Yleids calculated on the ask quota Ch Asked yield Coupon Maturity 3/31/2016 Maturity Bid Asked Asked Bid Asked Chg yield 0.375 1000000 100.0156 0.0078 -0.441 0.500 1000078 100.0234 0.0078 0.110 0.500 100.0078 100.0234 unch. 0.269 Treasury Bond, Stripped Principal 6/15/2016 6/30/2016 7/19/2016 2016 Aug 15 99.396 99.899 -0.002 0.44 0.625 1000391 100.0547 99.748 99.752 -0.004 0.52 731/3016 9242 0.291 2016 Nov 15 2017 May 15 2011 Nov 15 99.234 99.364 -0.010 0.78 wis2016 97.764 97.795 -0018 0.90 8/31/2016 9/15/2016 0.500 1000234 100.0391 0.625 1000547 100.0703 0300 100.0391 100.0547 0.875 100 1250 100.1406 0.500 1000469 100.0625 unch. 00078 0316 00234 0.296 -00156 DAD 00234 0.322 2019 Feb 15 97.430 97.407 --0019 0.95 3019 Aug 15 96522 96.553 -0.021 2022 Nov 15 90261 90.319 0.021 1000 100.0547 100.0703 -0.0234 0.446 39.312 0.625 1000547 100.0703 3023 Feb 15 2023 Aug 15 0.0078 88.683 38.746 0.625 100.0156 100.0313 anch, 3024 Nov 15 $6.010 16.153 9/30/2016 10/15/2016 11/15/2016- 2/13/2017 2/28/3017 3/19/2017 3/31/2017 4/30/2017 4/30/2017 2029 Aug 15 75.932 76031 0.375 1003641 100.1797 -0.8313 0.750 1000859 100 1016 -0.0078 1000 100.2813 100.2949 2030 May 15 74786 74.599 -0.0078 73.491 73.598 0.500 99.8303 998359 47376 47.508 2011 Feb 15 2044 Feb 15 2044 May 15 2044 Nov 15 46675 5/15/2017 45.609 46.804 45,818 45.437 2015 Feb 15 45.309 2015 May 15 44919 45.097 3/31/2017 6/15/2017 6/30/2017 7013017 3045 Nov 15 44256 44.385 0.75 100.1641 100.1797 -0.0075 0.682 0.875 100.1563 100.1719 -0.0078 0.608 0.625 99.3828 99,3964 0.0078 0.725 0.875 100 1250 100 1406 -00234 0,742 0.750 99.9844 100.0000 00078 0.750 0.625 99.7991 99,8047 -00391 0.790 1875 101.3906 1014063 -00156 0827 0.875 1000469 100.0625 OD156 1.875 1014609 1014766 0.875 1000234 1000391 2046 Feb 15 44077 44307 3046 May 15 43,900 44,037 9/30/2017 10/15/2017 Treasury Note, Stripped Principal 10/31/2017 unch 11/15/2017 0.330 0.837 0.848 0.8.19 0.853 09.874 99.704 99.376 99.708 98,992 11/15/2017 4.250 104.9766 104.9922 2016 Aug 31 3016 Nov 30 2017 Aug 15 2017 Nov 30 301 Aug 31 8.625 996406 91779 98.794 0.875 1000234 100.0318 -0.0234 99.6828 -0.0156 -00156 -0.0078 0.0234 0349 97.918 97.94 1.000 100.2109 100.2266 2018 Now 50 97.769 11/30/2017 11/30/2017 12/031/2017 2/15/3019 2/24/3019 2/293019 3/19/2019 97.794 2022 May 15 91080 81742 2025 Nov 15 2026 May 15 91.334 833309 11.399 82.949 Stripped Coupon Interest 3/30/2019 2016 Jun 15 99.590 90730 5/19/2020 99.981 99.735 3.500 108.6953 1087109 2016 Nov 15 0.857 2.750 1047109 104.7266 0.999 1.375 1009297 100.9453 4.028 1.300 101 2513 1012960 -00313 1024 1.000 99.9984999141 -0.0078 1011 1.300 1013281 1013438 0.0156 1.021 1625 1016250 101.6406 -00234 1040 -00234 1247 1375 1004766 100 4922 -0.0234 1249 1.500 100.9141 100.9297 -00313 1262 1625 101 3504 3013750 -0.0078 1210 1875 1024141 1024297 0.0078 1263 1.288 00156 1295 00703 1643 1630 5/31/2020 5/30/2020 600 2020 9660 16556 35.378 6/30/2020 7013020 2.000 102.8750 1028906 -0.0234 W/15/3020 2.625 105.4375 105.4531 3474 64.155 83.451 62,792 5/15/3023 2019 May 31 2019 Nov 30 2004 May 15 2004 Nov 15 2025 Feb 15 2025 May 15 2025 Aug 15 2015 May 15 2015 Nov 15 2016 Feb 15 2016 May 15 2016 Aug 15 2016 Nov 15 2044 Nov 15 2045 May 15 1/15/2003 11/15/2023 1673 61.731 48,435 2/13/2024 5/15/2004 1.750 100.6875 100.7931 2.500 105.7500 105.7656 00507 2.750 107.5234 107.5391 00703 2750 1075781 107.5938 00701 2.500 105.7656 105.7815 0.1094 1321 2.375 104.7656 1047813 0.1016 1748 2.250 1033422 103,7578 0.1172 1.771 3.000 1076875 107.7188 0.1094 2618 3.000 107.6563 1076875 0.0938 2634 2.500 97.2109 972422 0.0958 2634 2.500 972656 97.2969 0.1250 2631 W/15/3024 11/15/2024 5/15/3045 11/15/2045 2/15/3046 30445 Aug 15 5/15/3046 2045 Now 15 3046 May 15 Source: The Wall Street Journal Online, May 24, 2016. www.wsj.com 95100 SLOGO LLYO 9690 95100 %100 0.5K2 0.640 0624 0650 WIFI 08686 11996 95.395 86,487 85.30 84,721 CEUTS 83.375 19929 21919 61.316 (0.337 60.181 SEVIC 45.338 44808 44.508 44.128 LOWON 50.301 39.753 45,465 44.937 44.651 44.256 1500 0.039 0566 0.125 0.130 0.134 0,063 0.063 0.030 1900 6900 0.063 6063 -0.063 0043 -0.002 0.46 -0.005 0.56 0012 0.33 0.017 0.30 -0.019 0.92 -0.025 0.89 156 800 0.012 1.87 BIED 0.119 0.130 0.130 0.130 anch 0.32 0.004 -0.000 2005 0042 0043 0.087 ODER 6009 0.146 Hire 0062 0.043 0.063 1.36 1.40 1.66 1.77 201 201 2.09 2.30 2.73 2,76 277 2.77 2.71 276 PIKCT. 601 960 LAS 1,18 1.82 137 1.30 1.93 194 2.47 2.49 2.48 2.50 232 2.33 2.79 2.75 2.79 2.76
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