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Category > Business & Finance Posted 29 May 2017 My Price 4.00

A Treasury bond futures contract has a settlement price of 89'08.

A Treasury bond futures contract has a settlement price of 89'08. What is the implied annual yield? According to the text book the answer is Rd= 7.01% but I dont know how they arrived at that answer.

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Alpha Geek
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Status NEW Posted 29 May 2017 08:05 AM My Price 4.00

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Attachments

file 1496046282-127777_1_636315417385606348_Tresury-Bond.xlsx preview (52 words )
Co-----------ntr-----------act----------- va-----------lue----------- of----------- tr-----------esu-----------ry -----------bon-----------d =----------- 10-----------00*-----------100----------- = -----------$10-----------000-----------0Se-----------ttl-----------e m-----------ent----------- pr-----------ice----------- = -----------89'-----------08 -----------Tre-----------sur-----------y b-----------ond----------- fa-----------ce -----------val-----------ue -----------= $-----------100-----------0, -----------Pri-----------ce -----------sho-----------w t-----------hat----------- Co-----------ntr-----------act----------- pr-----------ice-----------= B-----------elo-----------w 1-----------1% -----------of -----------con-----------tra-----------ct ----------- va-----------lue----------- + -----------8/3-----------2 p-----------art----------- of----------- 10-----------00A-----------nnu-----------al -----------Cou-----------pon----------- ra-----------te -----------= 6-----------% I-----------mpl-----------ied----------- yi-----------eld-----------You----------- ca-----------n a-----------lso----------- as-----------sum-----------e t-----------hat----------- co-----------upn----------- ra-----------te -----------= 6-----------%An-----------nua-----------l c-----------oup-----------on -----------rat-----------e -----------
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