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Locate the Treasury bond in Figure 7.4 maturing in May 2024. Assume a $10,000 par value. a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.162.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Premium or discount bond . Current yield b. Yield to maturity . Bid-ask spread d. 9 Treasury Notes and Bonds Asked Maturity Asked Chg Yield Coupon Bid 11/15/2018 100.1484 100.1641 1.160 1.250 0.0391 0.875 4/15/2019 0.0625 99.0859 1.286 99.0703 4/30/2020 98.6094 1.125 98.5938 O.1016 1.558 8/15/2021 127.4844 1.857 8.125 0.2344 127.5000 7/31/2022 99.9609 99.9766 2.000 0.2266 2.004 2/28/2023 96.5859 96.5703 2.096 1.500 0.2500 5/15/2024 101.9531 2.500 101.9375 0.3125 2.210 8/15/2025 6.875 135.8438 135.8594 0.3438 2.262 8/15/2026 92.4766 0.2969 2.380 1.500 92.4922 8/15/2027 6.375 136.8281 136.8438 0.4688 2.414 8/15/2028 130.2891 130.3516 O.4531 2.473 5.500 11/15/2028 128.1563 128.2188 2.485 0.4453 5.250 2/15/2029 128.7578 128.8203 0.4609 2.478 5.250 8/15/2029 6.125 139.1875 2.478 139.2500 0.5391 5/15/2030 6.250 142.6406 0.5938 2.478 142.5781 2/15/2031 134.3438 134.4063 0.5625 2.470 5.375 2/15/2036 2.618 128.0781 128.1406 4.500 0.7031 2/15/2037 2.688 131.7891 131.8516 0.7500 4.750 136.0156 5/15/2037 0.7656 2.690 5.000 135.9531 5/15/2038 128.0625 128.1250 0.6875 4.500 2.749 2/15/2039 0.6406 110.9844 111.0469 2.824 3.500 8/15/2039 2.839 127.4922 0.7344 4.500 127.5547 2/15/2040 4.625 129.7813 0.6953 2.855 129.7188 11/15/2040 123.3438 2.885 123.4063 4.250 0.7422 2/15/2041 132.4688 0.7578 2.872 4.750 132.5000 2/15/2042 103.3828 0.6484 2.934 103.3516 3.125 2/15/2043 0.6250 103.1406 103.1719 2.950 3.125 5/15/2043 0.5625 2.875 98.3594 98.3906 2.963 2/15/2044 0.6484 3.625 112.7266 112.7578 2.939 2.987 2/15/2045 0.6016 90.7578 90.7891 2.500 11/15/2046 2.875 98.1172 98.1484 0.6719 2.969 Locate the Treasury bond in Figure 7.4 maturing in May 2024. Assume a $10,000 par value. a. Is this a premium or a discount bond? b. What is its current yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.162.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Premium or discount bond . Current yield b. Yield to maturity . Bid-ask spread d. 9 Treasury Notes and Bonds Asked Maturity Asked Chg Yield Coupon Bid 11/15/2018 100.1484 100.1641 1.160 1.250 0.0391 0.875 4/15/2019 0.0625 99.0859 1.286 99.0703 4/30/2020 98.6094 1.125 98.5938 O.1016 1.558 8/15/2021 127.4844 1.857 8.125 0.2344 127.5000 7/31/2022 99.9609 99.9766 2.000 0.2266 2.004 2/28/2023 96.5859 96.5703 2.096 1.500 0.2500 5/15/2024 101.9531 2.500 101.9375 0.3125 2.210 8/15/2025 6.875 135.8438 135.8594 0.3438 2.262 8/15/2026 92.4766 0.2969 2.380 1.500 92.4922 8/15/2027 6.375 136.8281 136.8438 0.4688 2.414 8/15/2028 130.2891 130.3516 O.4531 2.473 5.500 11/15/2028 128.1563 128.2188 2.485 0.4453 5.250 2/15/2029 128.7578 128.8203 0.4609 2.478 5.250 8/15/2029 6.125 139.1875 2.478 139.2500 0.5391 5/15/2030 6.250 142.6406 0.5938 2.478 142.5781 2/15/2031 134.3438 134.4063 0.5625 2.470 5.375 2/15/2036 2.618 128.0781 128.1406 4.500 0.7031 2/15/2037 2.688 131.7891 131.8516 0.7500 4.750 136.0156 5/15/2037 0.7656 2.690 5.000 135.9531 5/15/2038 128.0625 128.1250 0.6875 4.500 2.749 2/15/2039 0.6406 110.9844 111.0469 2.824 3.500 8/15/2039 2.839 127.4922 0.7344 4.500 127.5547 2/15/2040 4.625 129.7813 0.6953 2.855 129.7188 11/15/2040 123.3438 2.885 123.4063 4.250 0.7422 2/15/2041 132.4688 0.7578 2.872 4.750 132.5000 2/15/2042 103.3828 0.6484 2.934 103.3516 3.125 2/15/2043 0.6250 103.1406 103.1719 2.950 3.125 5/15/2043 0.5625 2.875 98.3594 98.3906 2.963 2/15/2044 0.6484 3.625 112.7266 112.7578 2.939 2.987 2/15/2045 0.6016 90.7578 90.7891 2.500 11/15/2046 2.875 98.1172 98.1484 0.6719 2.969
