Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a treasury bond with 5 years to maturity is curren

A Treasury bond with 5 years to maturity is currently quoted at 107:15. The bond has...

50.1K

Verified Solution

Question

Finance

A Treasury bond with 5 years to maturity is currently quoted at107:15. The bond has a coupon rate of 7.7 percent. What is theyield value of a 32nd for this bond? (Do not round intermediatecalculations. Round your answer to 3 decimal places.)

Answer & Explanation Solved by verified expert
3.8 Ratings (384 Votes)
Yield value of a 32nd 132dollar value of an01This measure shows how much yield rate change    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A Treasury bond with 5 years to maturity is currently quoted at107:15. The bond has a coupon rate of 7.7 percent. What is theyield value of a 32nd for this bond? (Do not round intermediatecalculations. Round your answer to 3 decimal places.)

Other questions asked by students

Q

For my chemistry final, we're identifying 5 unknowns, one acid, one base, one chloride salt, one...

Chemistry
Q

K A random sample of 32 male college students is selected Each student is asked...

Basic Math
Q

In the universal set U a b c h define subsets of cars with the...

Basic Math
Q

es cash short The actual cash received from cash sales was 35 933 and the...

Basic Math
Q

group of five individuals with high blood pressure were given a new drug that was...

Statistics
Q

An auto dealer's sales numbers are shown in the table below. Find for each month...

Algebra
Q

Decker Company has five products in its inventory. Information about ending inventory follows. \table[[Product,Quantity,\table[[Unit],[Cost]],\table[[Unit...

Accounting
Q

Wildhorse Corporation was organized on January 1,2027. It is authorized to issue 19,700 shares of...

Accounting
Q

Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and...

Accounting
Q

Jansen Company reports the following for its ski department for the year 2019. All of...

Accounting
Q

i need all 3 sections ! Washburn Company produces earbuds. During...

Accounting
Q

what are cost drivers? What is their role in an activity-based costing system? What are...

Accounting