In: Finance
Refer to the T-note and T-bond quotes in Table 6-1
a. What is the asking price on the 2.750 percent November 2023 T-bond if the face value of the bond if the face value bond is $10,000 ?
b. What is the bid price on the 0.500 percent August 2016 T-note if the face value of the bond is $10,000
(For all requirements, round your answer to 2 decimal places. (e.g., 32.16))
a. The Ask price ______
b. The Bid price ______
Maturity. Coupon Bid. Asked Chg. Asked Yield
11/15/2023 2.750 107.5234 107.5391 0.0703 1.673
8/31/2016 0.500 100.0391 100.0547 0.0234 0.296
The bid ans ask prices are quoted using par value = 100
a : The Ask price = 10000 x 107.5391% = 10753.91
b : The Bid price = 10000 x 100.0391% = 10003.91
Answer : 10753.91, 10003.91 [Thumbs up please]