A 10-year, 4.5 percent, semiannual coupon bond issued by Tyler Rentals has a $1,000 face value

A 10-year, 4.5 percent, semiannual coupon bond issued by Tyler Rentals has a $1,000 face value. The bond is currently quoted at 98.7. What is the clean price of this bond if the next interest payment will occur 2 months from today?    A.  $987.00 B.  $994.50 C.  $1,002.00 D.  $1,011.25 E.  $1,022.50 Clean price = 0.987 × $1,000 = $987

98.	A Treasury bond is quoted at a price of 105:10. What is the market price of this bond if the face value is $5,000?    A.  $5,005.15 B.  $5,105.15 C.  $5,265.63 D.  $5,273.44 E.  $5,515.00 Price = 105:10 = 105 and 10/32 percent of face = 1.053125 × $5,000 = $5,265.63

99.

A Treasury bond is quoted at a price of 101:14 with a current yield of 7.236 percent. What is the coupon rate?    A.  7.20 percent B.  7.28 percent C.  7.30 percent D.  7.34 percent E.  7.39 percent Price = 101 and 14/32 percent of face = 1.014375 × $1,000 = $1,014.375 Annual interest = 0.07236 × $1,014.375 = $73.40 Coupon rate = $73.40/$1,000 = 7.34 percent