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12 You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the
12 You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Maturity Mo/Yr May 25 Rate ?? Chg Ask Yld 6.139 7.69 points Bid Asked 103.5553 103.5431-3106 104.5043 104.6500 +4377 +.5496 ?? ?? 5.574 May 33 ?? 6.198 May 43 4.171 eBook Print a. In the above table, find the Treasury bond that matures in May 2043. What is the asked price of this bond in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the bid-ask spread for this bond is 0573, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) References a. Asked price b. Bid price
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