A treasury bond with the longest maturity 30 years has an


1. A noncallable Treasury bond has a quoted yield of 4.78 percent. It has a 5.75 percent coupon and 13 years to maturity. Assuming $1,000 par value. What is its quoted price?

2. A STRIPS traded on April 1, 2017, matures in 18 years on April 1, 2035. Assuming a yield to maturity of 4.6 percent, what is the STRIPS price?

3. A Treasury bond with the longest maturity (30 years) has an ask price quoted at 105.4375. The coupon rate is 3.40 percent, paid semiannually. What is the yield to maturity of this bond?

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Financial Management: A treasury bond with the longest maturity 30 years has an
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