Locate the Treasury bond in Figure 7.4 maturing in May 2024. Assume a $10,000 par value.

a. Is this a premium or a discount bond?

b. What is its current yield? (Do not round intermediate calculations. 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. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.162.)

d. What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Figure 7.4

Treasury Notes and Bonds Coupon Bid Asked Asked Yield Chg 1.250 100.1484 100.1641 1.160 0.0391 0.0625 0.875 1.286 99.0703 98.5938 99.0859 98.6094 1.125 0.1016 1.558 8.125 0.2344 1.857 127.4844 99.9609 2.000 127.5000 99.9766 96.5859 0.2266 2.004 1.500 96.5703 0.2500 2.096 2.500 0.3125 2.210 101.9375 135.8438 101.9531 135.8594 6.875 2.262 0.3438 0.2969 1.500 92.4766 2.380 92.4922 136.8438 6.375 0.4688 2.414 136.8281 130.2891 5.500 130.3516 0.4531 2.473 5.250 128.1563 128.2188 2.485 0.4453 0.4609 5.250 128.8203 2.478 6.125 139.2500 0.5391 2.478 6.250 128.7578 139.1875 142.5781 134-3438 128.0781 0.5938 Maturity 11/15/2018 4/15/2019 4/30/2020 8/15/2021 7/31/2022 2/28/2023 5/15/2024 8/15/2025 8/15/2026 8/15/2027 8/15/2028 11/15/2028 2/15/2029 8/15/2029 5/15/2030 2/15/2031 2/15/2036 2/15/2037 5/15/2037 5/15/2038 2/15/2039 8/15/2039 2/15/2040 11/15/2040 2/15/2041 2/15/2042 2/15/2043 5/15/2043 2/15/2044 2/15/2045 11/15/2046 2.478 5-375 0.5625 2.470 4-500 0.7031 2.618 4.750 131.7891 142.6406 134.4063 128.1406 131.8516 136.0156 128.1250 111.0469 2.688 5.000 135.9531 2.690 0.7500 0.7656 0.6875 0.6406 4.500 2.749 3.500 128.0625 110.9844 127.4922 2.824 4.500 0.7344 2.839 127-5547 129.7813 4.625 129.7188 0.6953 2.855 4.250 123.4063 0.7422 2.885 4.750 132.5000 0.7578 2.872 3.125 103-3828 0.6484 2.934 123-3438 132.4688 103.3516 103.1406 98.3594 112.7266 3.125 2.875 103.1719 98.3906 2.950 2.963 0.6250 0.5625 0.6484 0.6016 3.625 112.7578 2.939 2.500 90.7578 90.7891 2.987 2.875 98.1172 98.1484 0.6719 2.969