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Locate the Treasury bond in Figure 8.4 maturing in May 2037. Assume a par value of $5,000. Is this a premium or a discount bond?
Locate the Treasury bond in Figure 8.4 maturing in May 2037. Assume a par value of $5,000. Is this a premium or a discount bond? O Discount bond O Premium 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.) Current yield % 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.) YTM % What is the bid-ask spread in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Bid-ask spread $ Treasury Notes & Bonds Maturity 1/31/2015 2/15/2016 3/15/2017 3/31/2018 5/15/2019 8/15/2020 6/30/2021 11/15/2022 5/15/2023 11/15/202 2/15/2025 8/15/2027 11/15/2028 12/15/2029 8/15/2029 5/15/2030 12/15/2031 12/15/2036 12/15/2037 5/15/2037 2/15/2038 8/15/2039 11/15/2039 12/15/2040 5/15/2040 Coupon 2.250 4.500 0.750 2.875 3.125 2.625 2.125 7.625 1.750 2.250 7.625 6.375 5.250 5.250 6.125 6.250 5.375 4.500 4.750 5.000 4.375 4.500 4.375 4.625 4.375 Bid 100.2891 104.9219 99.9688 105.4844 106.8594 104.5156 101.1641 141.2891 97.1953 100.2656 149.4688 143.8281 133.2734 133.5625 145.2500 148.4531 138.1641 130.8203 135.2266 139.8594 128.2578 130.8672 128.7031 133.3516 129.0938 Asked 100.3047 104.9531 99.9844 105.5000 106.8750 104.5313 101.1797 141.3047 97.2109 100.2813 149.4844 143.8906 133.3359 133.6250 145.3125 148.5156 138.2266 130.8828 135.2891 139.9219 128.3203 130.8984 128.7344 133.3828 129.1250 Chg -0.0313 -0.0391 unch. 0.1250 0.1719 0.2422 0.2578 0.3594 0.3438 0.2969 0.4453 0.5000 0.5313 0.5313 0.5781 0.6016 0.5625 0.6719 0.6641 0.6875 0.5625 0.5313 0.5391 0.5313 0.5234 Asked yield 0.093 0.299 0.757 1.173 1.515 1.783 1.933 1.973 2.113 2.218 2.179 2.352 2.417 2.432 2.435 2.454 2.490 2.595 2.638 2.632 2.720 2.764 2.771 2.774 2.771
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