Locate the Treasury bond in Figure 6.3 maturing in August 2046. Assume a $2,000 par value. a. Is this a premium or discount bond? b. 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.) c. 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.) d. What is the bid-ask spread in dollars? (Do not round Intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) a. Premium/Discount b. Current yield Yield to maturity d. Bid-ask spread % % c. FIGURE 6.3 U.S. Treasury Quotes Treasury note and bond data are representative over-the-counter quotations as of 3p.m. Eastern time. Sample Wall Street Journal U.S. Treasu note and bond pric Asked Maturity Coupon BId Asked Chg Yleld 1/31/2019 1.500 99.5625 -0.0078 2.205 99.5469 97.8906 12/31/2021 2.125 97.9063 0.0703 2.749 1.500 95.6563 2.762 1/31/2022 2/28/2023 9/30/2023 95.6719 99.2266 0.0547 0.1172 99.2109 2.801 2.847 92.7969 92.8125 96.1328 2/29/2024 2.864 96.1172 95.7344 95.7500 2.887 2.892 97.6328 97.6484 2.625 1.375 2.125 2.125 2.500 2.875 6.500 5.250 6.250 4.500 5.000 99.8516 2.899 126.6563 7/31/2024 1/31/2025 4/30/2025 11/15/2026 2/15/2029 5/15/2030 2/15/2036 5/15/2037 11/15/2039 5/15/2040 8/15/2041 2.906 99.8359 126.6406 120.9453 132.8984 120.9375 121.0078 132.9609 121.0000 0.1172 0.1484 0.1172 0.1953 0.2109 0.3125 0.4063 0.4688 0.5625 0.6641 0.6953 0.7500 0.7500 0.7266 0.7344 2.941 2.949 2.964 129.0938 2.973 129.1563 121.3672 4.375 121.3047 3.014 121.5313 121.5938 3.021 4.375 3.750 3.000 111.7500 3.040 111.6875 99.1875 5/15/2042 99.2188 3.046 2/15/2043 3.125 101.1641 3.056 2/15/2044 8/15/2046 5/15/2047 3.625 2.250 3.000 110,0313 84.6797 98.7578 101.1953 110.0625 84.7109 0.6875 0.6016 0.6953 0.7422 3.056 3.064 3.063 98.7891 5/15/2048 3.125 101.1875 101.2188 3.062 Source www.wsj.com, 6/14/2018