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Locate the Treasury bond in Figure 6.4 maturing in May 2047. Assume a $1,000 par value. a. Is this a premium or discount bond?
Locate the Treasury bond in Figure 6.4 maturing in May 2047. Assume a $1,000 par value. a. Is this a premium or discount bond? b. What is its current yield? Note: 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? Note: 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? Note: Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161. a. Premium/Discount b. Current yield c. Yield to maturity d. Bid-ask spread % %
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