A Treasury bond with 8 years to maturity is currently quoted at 108:16. The bond has a coupon rate of 11.5 percent. What is the yield value of a 32nd for this bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Yield value (in basis points) 0.0996
A Treasury bond with 8 years to maturity is currently quoted at 108:16. The bond has a coupon rate of 11.5 percent. What is the yield value of a 32nd for this bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Yield value (in basis points) 0.0996
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 7DTM
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