13. Using Treasury Quotes. Locate the Treasury issue in Figure 6.3 maturing in August 2029. What is its coupon rate? What is the dollar bid price for a $1,000 par value bond? What was the previous day’s asked price for a $1,000 par value bond? 14. Using Treasury Quotes. Locate the Treasury bond in Figure 6.3 maturing in February 2037. Is this a premium or a discount bond? What is its current yield? What is its yield to maturity? What is the bid-ask spread for a $1,000 par value bond? 15. Zero Coupon Bonds. You find a zero coupon bond with a par value of $10,000 and 17 years to maturity. If the yield to maturity on this bond is 4.9 percent, what is the price of the bond? Assume semiannual compounding periods. 16. Valuing Bonds. Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the price of the bond? 17. Valuing Bonds. Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.9 percent and the bonds have a par value of $5,000. What is the price of the bonds?
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