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honeycfa

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发表于 2010-4-24 21:54 | 只看该作者

Given that a Treasury bond has a par value of $50,000 and is currently offered at a quoted price of 98:5, what is the dollar amount that an investor must pay in order to purchase the bond?

A)
 $98.16.
B)
 $49,078.13.
C)
 $4,907,812.50.


If the quoted price is 98:5 this equals 98 5/32 which equals 98.15625% and means that the dollar amount is:

0.9815625 × $50,000 = $49,078.13

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honeycfa

UID
164365 
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3564 
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498 
注册时间
2010-4-13 
最后登录
2010-6-18 
12#
发表于 2010-4-24 21:55 | 只看该作者

Which of the following is a difference between an on-the-run and an off-the-run issue? An on-the-run issue:

A)
 is the most recently issued security of that type.
B)
 is publicly traded whereas an off-the-run issue is not.
C)
 tends to sell at a lower price.


An on-the-run issue is the most recently auctioned Treasury issue. An off-the-run issue older issues, when more current issues are brought to market.

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