a. What is the price in dollars of the August 2003 Treasury bond?

b. What is the currrent yield of the August 2003 Treasury bond?

Treasury notes and bonds. Use the information in the following table Today is February 16, 2008 Type Bond Issue Current Price Coupon Maturity YTM Rand Aiug 2003 8 75% 8-15-2018 6 150% What is the price of the August 2003 Treasury bond with semiannual payment (assume a S100,000 par value) with the yield to maturity from the table What is the current vield of this bond? Why is the current yield higher than the yield to maturity? Hint Make sure to round al intermediate calculations to at least six decimal places