Locate the Treasury bond in Figure 8.4 maturing in May 2046. Assume a par value of $20,000.

Is this a premium or a discount bond?

What is its current yield?

What is its yield to maturity

What is the bid ask spread in dollars?

\begin{tabular}{|r|r|r|r|r|r|} \hline Maturity & Coupon & \multicolumn{1}{|c|}{ Bid } & \multicolumn{1}{|c|}{ Asked } & \multicolumn{1}{|c|}{ Chg } & \multicolumn{1}{|c|}{ Yld } \\ \hline 11/15/2018 & 3.75 & 102.7266 & 102.7422 & -0.0313 & 1.342 \\ \hline 3/31/2019 & 1.625 & 100.3828 & 100.3984 & -0.0078 & 1.36 \\ \hline 3/15/2020 & 1.625 & 100.3516 & 100.3672 & -0.0078 & 1.474 \\ \hline 10/31/2021 & 1.25 & 98.0469 & 98.0625 & -0.0313 & 1.74 \\ \hline 2/15/2023 & 7.125 & 126.8516 & 126.8672 & -0.0625 & 1.872 \\ \hline 5/15/2024 & 2.5 & 102.7969 & 102.8125 & -0.1094 & 2.045 \\ \hline 8/15/2027 & 6.375 & 137.0625 & 137.0781 & -0.1016 & 2.189 \\ \hline 11/15/2028 & 5.25 & 129.1328 & 129.1953 & -0.1484 & 2.272 \\ \hline 2/15/2029 & 5.25 & 129.5469 & 129.6094 & -0.1719 & 2.285 \\ \hline 2/15/2036 & 4.5 & 129.7578 & 129.8203 & -0.2344 & 2.473 \\ \hline 5/15/2037 & 5 & 137.8594 & 137.9219 & -0.2031 & 2.537 \\ \hline 5/15/2038 & 4.5 & 130.2656 & 130.3281 & -0.2109 & 2.594 \\ \hline 2/15/2039 & 3.5 & 113.8672 & 113.9297 & -0.1719 & 2.644 \\ \hline 11/15/2039 & 4.375 & 128.4063 & 128.4688 & -0.1875 & 2.665 \\ \hline 5/15/2040 & 4.375 & 128.5781 & 128.6406 & -0.2266 & 2.68 \\ \hline 8/15/2040 & 3.875 & 119.9922 & 120.0547 & -0.1953 & 2.696 \\ \hline 11/15/2041 & 3.125 & 106.8203 & 106.8516 & -0.1641 & 2.735 \\ \hline 5/15/2042 & 3 & 104.4063 & 104.4375 & -0.1797 & 2.751 \\ \hline 8/15/2042 & 2.75 & 99.7188 & 99.75 & -0.1875 & 2.764 \\ \hline 11/15/2042 & 2.75 & 99.6484 & 99.6797 & -0.125 & 2.768 \\ \hline 2/15/2043 & 3.125 & 106.4844 & 106.5156 & -0.1172 & 2.766 \\ \hline 5/15/2043 & 2.875 & 101.7344 & 101.7656 & -0.1328 & 2.778 \\ \hline 5/15/2044 & 3.375 & 111.1953 & 111.2266 & -0.2266 & 2.776 \\ \hline 11/15/2044 & 3 & 103.9375 & 103.9688 & -0.1875 & 2.79 \\ \hline 2/15/2045 & 2.5 & 94.1172 & 94.1484 & -0.1719 & 2.808 \\ \hline 5/15/2045 & 3 & 103.8438 & 103.875 & -0.1875 & 2.798 \\ \hline 8/15/2045 & 2.875 & 101.3438 & 101.375 & -0.1719 & 2.804 \\ \hline 11/15/2045 & 3 & 103.8125 & 103.8438 & -0.1797 & 2.802 \\ \hline 5/15/2046 & 2.5 & 93.75 & 93.7813 & -0.1797 & 2.818 \\ \hline 11/15/2046 & 2.875 & 101.2188 & 101.25 & -0.1719 & 2.812 \\ \hline 5/15/2047 & 3 & 103.8125 & 103.8438 & -0.1719 & 2.808 \\ \hline 8/15/2047 & 2.75 & 98.7422 & 98.7734 & -0.1484 & 2.811 \\ \hline \end{tabular}