In the table, find the Treasury bond that matures in May 2036. What is the asked price

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In the table, find the Treasury bond that matures in May 2036. What is the asked price of this bond in dollars? If the bid-ask spread for this bond is .0628, what is the bid price in dollars?

To calculate the number of years until maturity, assume that it is currently May 2016. All of the bonds have a $1,000 par value.

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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 30, 2016 09:33 AM

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In the table, find the Treasury bond that matures in May 2036. What is the asked price

Question:

Maturity Mo/Yr Ask Yld Rate Bid Asked Chg May 20 103.5362 103.8235 +.3204 5.850 May 27 104.1762 104.3850 .4513 6.125 May 36 2.18 7? 3.87 +.6821

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Bond price has a relation with four different parameters such as par value coupon rate annual ...View the full answer

Essentials of Corporate Finance

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