\begin{tabular}{|r|r|r|r|r|r|} \hline \multicolumn{1}{|c|}{ Maturity } & Coupon & \multicolumn{1}{|c|}{ Bid } & \multicolumn{1}{c|}{ Asked } & \multicolumn{1}{c|}{ Change } & Asked Yield \\ \hline 7/15/2021 & 2.625 & 102.062 & 102.066 & 0.002 & 0.134 \\ \hline 2/28/2022 & 1.125 & 101.146 & 101.152 & 0.004 & 0.15 \\ \hline 1/15/2023 & 1.5 & 103.056 & 103.062 & 0.016 & 0.159 \\ \hline 8/15/2024 & 2.375 & 108.162 & 108.166 & 0.022 & 0.219 \\ \hline 9/30/2025 & 3 & 113.214 & 113.22 & 0.042 & 0.293 \\ \hline 7/31/2026 & 1.875 & 108.262 & 108.266 & 0.03 & 0.368 \\ \hline 1/31/2027 & 1.5 & 106.282 & 106.286 & 0.002 & 0.412 \\ \hline 8/15/2028 & 2.875 & 118.116 & 118.126 & 0.03 & 0.517 \\ \hline 2/15/2029 & 5.25 & 139.054 & 139.064 & 0.03 & 0.515 \\ \hline 5/15/2030 & 0.625 & 99.316 & 100.006 & 0.72 & 0.623 \\ \hline 8/15/2030 & 0.625 & 99.246 & 99.256 & 0.046 & 0.645 \\ \hline 2/15/2031 & 5.375 & 148.094 & 148.104 & 0.086 & 0.606 \\ \hline 2/15/2036 & 4.5 & 153.074 & 153.094 & 0.062 & 0.824 \\ \hline 5/15/2038 & 4.5 & 158.102 & 158.122 & 0.082 & 0.922 \\ \hline 11/15/2039 & 4.375 & 158.036 & 158.056 & 0.068 & 1.031 \\ \hline 8/15/2040 & 1.125 & 99.266 & 99.286 & 0.016 & 1.131 \\ \hline 11/15/2041 & 3.125 & 137.004 & 137.024 & 0.032 & 1.151 \\ \hline 8/15/2042 & 2.75 & 129.304 & 130.004 & 0.718 & 1.193 \\ \hline 5/15/2043 & 2.875 & 132.136 & 132.156 & 0.01 & 1.231 \\ \hline 5/15/2044 & 3.375 & 143.092 & 143.112 & 0.008 & 1.256 \\ \hline 8/15/2045 & 2.875 & 133.186 & 133.206 & 0.006 & 1.294 \\ \hline 11/15/2046 & 2.875 & 134.234 & 134.254 & 0.02 & 1.304 \\ \hline 2/15/2047 & & 137.286 & 137.306 & 0.016 & 1.301 \\ \hline 5/15/2049 & 2.875 & 136.314 & 137.014 & 0.018 & 1.321 \\ \hline 8/15/2050 & 1.375 & 100.202 & 100.222 & 0.02 & 1.347 \\ \hline \end{tabular} Locate the Treasury bond in Figure 8.5 maturing in November 2039 . Assume a par value of $10,000. Is this a premium or a discount bond? Discount bond Premium bond a. What is its current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is its yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) c. What is the bid-ask spread in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
