Selling Price of the T-bill Assignment | Homework for You

15. Refer to the attached excerpts from the Wall Street Journal, to answer the following questions: (the excerpts show the closing prices as of Thursday January 23, 2020 and Wednesday April 1, 2020).Homework For You

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A. You purchased a T-bill on Thursday January 23, 2020 which matures on July 30, 2020. Determine the purchase price of the T-bill (how much you paid for it). Use the excerpt of January 23 to get the price

B. On Wednesday April 1, 2020, you sold the same T-bill (which has the same maturity on July 30). Use the excerpt of April 1, 2020 to get the price

a. Determine the selling price of the T-bill (how much you received for it).

b. Determine the holding period rate of return (HPR) on this investment.

c. Determine the Annual Percentage rate of Return (APR) on this investment.

d. Determine the Effective Annual Rate of Return (EAR) on this investment.

Thursday, January 23, 2020

Treasury Notes & Bonds

Treasury note and bond data are representative over-the-counter quotations as of 3pm Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par.

Maturity Date Coupon Rate Bid Price Asked Price Change Asked yield
1/31/2024 2.500 103.2320 103.2360 0.0260 1.536
2/15/2024 2.750 104.2460 104.2520 0.0300 1.529
2/29/2024 2.125 102.1020 102.1060 0.0280 1.535
2/29/2024 2.375 103.1000 103.1040 0.0300 1.534
3/31/2024 2.125 102.1160 102.1220 0.0320 1.535
4/30/2024 2.000 101.2820 101.2860 0.0280 1.538
4/30/2024 2.250 102.2900 102.2940 0.0280 1.540
5/15/2024 2.500 103.3120 103.3160 0.0320 1.538
5/31/2024 2.000 101.2940 101.3000 0.0300 1.538
6/30/2024 1.750 100.2800 100.2840 0.0340 1.541
6/30/2024 2.000 101.3000 101.3040 0.0340 1.543
7/31/2024 1.750 100.2860 100.2920 0.0320 1.540
7/31/2024 2.125 102.1600 102.1640 0.0300 1.547
8/15/2024 2.375 103.1960 103.2020 0.0320 1.547
8/31/2024 1.250 98.2220 98.2260 0.0280 1.541

U.S. Treasury Quotes

Wednesday, April 01, 2020

Treasury Notes & Bonds

Treasury note and bond data are representative over-the-counter quotations as of 3pm Eastern time. For notes and bonds callable prior to maturity, yields are computed to the earliest call date for issues quoted above par and to the maturity date for issues below par.Homework For You

Maturity Coupon Bid Asked Change Asked yield
12/31/2023 2.625 108.1760 108.1820 -0.0280 0.318
1/31/2024 2.500 108.0840 108.0900 -0.0120 0.322
2/15/2024 2.750 109.0900 109.0940 -0.0060 0.331
2/29/2024 2.125 106.3040 106.3100 -0.0080 0.330
2/29/2024 2.375 107.3000 107.3040 -0.0120 0.326
3/31/2024 2.125 107.0260 107.0320 -0.0040 0.334
4/30/2024 2.000 106.2200 106.2240 0.0040 0.343
4/30/2024 2.250 107.2360 107.2420 unch. 0.333
5/15/2024 2.500 108.2560 108.2620 unch. 0.341
5/31/2024 2.000 106.2660 106.2720 -0.0040 0.340
6/30/2024 1.750 105.2920 105.2960 0.0080 0.342
6/30/2024 2.000 106.3060 106.3120 0.0140 0.343
7/31/2024 1.750 106.0060 106.0120 0.6900 0.344
7/31/2024 2.125 107.1920 107.1960 0.0120 0.351
8/15/2024 2.375 108.2460 108.2520 0.0100 0.347
8/31/2024 1.250 103.3040 103.3100 unch. 0.343

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