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Assume a $100,000 par value. What is the yield to maturity of the August 2004 Treasury bond with semiannual payment? Compare the Treasury notes and

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Assume a $100,000 par value. What is the yield to maturity of the August 2004 Treasury bond with semiannual payment? Compare the Treasury notes and bonds. Use the information in the following table: yield to maturity and the current yield. How do you explain this relationship? What is the yield to maturity of the August 2004 Treasury bond? Data Table % (Round to three decimal places.) (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Today is February 15, 2008 Price (per $100 par Issue Date Type Coupon Rate Maturity Date YTM Current Yield Rating value) 93.29 Bond Aug 2004 4.25% 8-15-2014 4.556% AAA Print Done

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