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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 23 103.5527 103.5405 +.3080 6.099
5.474 May 28 104.5017 104.6474 +.4353 ??
6.188 May 38 ?? ?? +.5470 4.131

Requirement 1:

In the above table, find the Treasury bond that matures in May 2038. 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 .0559, what is the bid price in dollars?

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