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6. Below is a list of daily Treasury note and bond listings from Wall Street Journal. Treasury bonds make semiannual payments. First column is the
6. Below is a list of daily Treasury note and bond listings from Wall Street Journal. Treasury bonds make semiannual payments. First column is the maturity date. Second column is the coupon rate. Third and Fourth columns show the bid and ask prices. Treasury prices are quoted as a percentage of face value. So on the 2025/10/31 bond, the bid price is shown to be 106.212. With $1000 face value, this quote represents $1062.12. The Fifth column shows the change in the ask price from the previous day, measured as percentage of face value. So the 2025/10/31 bond's ask price decreased by 0.002%, or $0.02 with face value of $1000, from previous day's value. The last column shows the yield to maturity, based on the ask price. Locate the Treasury bond in Figure 7.5 maturing in November 2026. Is this a premium or a discount bond? What is its current yield? What is its yield to maturity? What is the bid-ask spread in dollars? Assume a par value of $10,000
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