An investor buys $10,000 face amount of the U.S. Treasury 6 1/2 (coupon rate = 6.50%) of August 15, 2017, for settlement on July 1st, 2014. The last coupon paid on February 15, 2014 and the next coupon pays on August 15, 2014. The bond's yield to maturity happens to be 4.00%. What is nearest to the bond's quoted price at settlement? (this adds a level of difficulty by not giving you the invoice price)
An investor buys $10,000 face amount of the U.S. Treasury 6 1/2 (coupon rate = 6.50%) of August 15, 2017, for settlement on July 1st, 2014. The last coupon paid on February 15, 2014 and the next coupon pays on August 15, 2014. The bond's yield to maturity happens to be 4.00%. What is nearest to the bond's quoted price at settlement? (this adds a level of difficulty by not giving you the invoice price) A.$9,338.48; B.$9,904.15; C.$10,095.07; D.$10,726.83