The quoted cost of the bond today is 103:9.Coupon treasury bond maturing in eight years is 5.488 percent.
$60 x PVIFA (zero.05488/2, 16) + $1,000 x PVIF (zero.05488/2,16) = $1,032.79488;
To convert to a fraction quote do the following: round down ($1,032.79488/10) +
round {($1,032.79488/10) - round down ($1,032.79488/10)] x 32} = 103 9/32
A place in which stores of wealth are saved. the place of deposit and disbursement of amassed budget especially. the treasury in which public revenues are deposited, saved, and allotted. the budget kept in the sort of depository. Advising on home and international economic, economic, financial, alternate, and tax policy; enforcing Federal finance and tax legal guidelines; Investigating and prosecuting tax evaders, counterfeiters, and forgers.
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