he following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018).  Use the information in the  quote to answer the question. Maturity Coupon Bid Asked Chg Asked Yield 8/31/2,033 5.35 98:15 98:20 -14 ???   What is the purchase price of the bond? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018).  Use the information in the  quote to answer the question.

Maturity

Coupon

Bid

Asked

Chg

Asked Yield

8/31/2,033

5.35

98:15

98:20

-14

???

 

What is the purchase price of the bond? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

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