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Solution Library
Calculate Treasury Note Price With Asked Price Method
Question
U.S. Treasury quotes from the WSJ on Oct. 15, 1993:
|
Rate |
Maturity |
Ask |
Change |
Ask yield |
|
7.1250 |
Oct 15, 1995 |
102.08 |
-1 |
5.9156 |
1. What is the duration of the above Treasury note? Use the asked price to calculate the duration. Recall that Treasuries pay interest semiannually.
a. 3.86 years.
b. 1.70 years.
c. 2.10 years.
d. 1.90 years.
e. 3.40 years.
2. If yields increase by 10 basis points, what is the approximate price change on the $100,000 Treasury note? Use the duration approximation relationship.
a. +$188.69.
b. +$16.05.
c. –$1,605.05.
d. –$16.05.
e. +$160.51.
Summary
These short questions belong to Finance and the questions are about US Treasury notes. The price of the treasury note is to be calculated using asked price. And the change in price of treasury notes with increase in 10 basis points also needs to be calculated.
Total Word Count 84
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