Locate the Treasury bond in Figure 8.4 maturing in August 2047. Assume a par value of $20,000.

Is this a premium or a discount bond?

• Premium bond

• Discount bond

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.)

What is its yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.)

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