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Below, you will find Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2013. Rate Maturity Mo/Yr

Below, you will find Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2013.

Rate Maturity Mo/Yr Bid Asked Chg Ask Yld
?? May 27 103.5475 103.5353 +.3028 6.019
6.302 May 32 104.4965 104.6422 +.4305 ??
6.168 May 42 ?? ?? +.5418 4.051

Requirement 1:

In the above table, find the Treasury bond that matures in May 2042. What is the asked price of this bond in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Asked price $

Requirement 2:

If the bid-ask spread for this bond is .0657, what is the bid price in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Bid price $

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