Locate the Treasury bond in Figure 8.5 maturing in May 2049. Assume a par value of $20,000.

Figure 8.5 Sample Wall Street Journal U.S. Treasury Bond Prices

Maturity	Coupon	Bid	Asked	Change	Asked Yield
7/15/2021	2.625	102.062	102.066	-0.002	0.134
2/28/2022	1.125	101.146	101.152	-0.004	0.15
1/15/2023	1.5	103.056	103.062	-0.016	0.159
8/15/2024	2.375	108.162	108.166	-0.022	0.219
9/30/2025	3	113.214	113.22	-0.042	0.293
7/31/2026	1.875	108.262	108.266	-0.03	0.368
1/31/2027	1.5	106.282	106.286	-0.002	0.412
8/15/2028	2.875	118.116	118.126	-0.03	0.517
2/15/2029	5.25	139.054	139.064	-0.03	0.515
5/15/2030	0.625	99.316	100.006	-0.72	0.623
8/15/2030	0.625	99.246	99.256	-0.046	0.645
2/15/2031	5.375	148.094	148.104	-0.086	0.606
2/15/2036	4.5	153.074	153.094	-0.062	0.824
5/15/2038	4.5	158.102	158.122	-0.082	0.922
11/15/2039	4.375	158.036	158.056	-0.068	1.031
8/15/2040	1.125	99.266	99.286	-0.016	1.131
11/15/2041	3.125	137.004	137.024	-0.032	1.151
8/15/2042	2.75	129.304	130.004	-0.718	1.193
5/15/2043	2.875	132.136	132.156	-0.01	1.231
5/15/2044	3.375	143.092	143.112	-0.008	1.256
8/15/2045	2.875	133.186	133.206	-0.006	1.294
11/15/2046	2.875	134.234	134.254	0.02	1.304
2/15/2047	3	137.286	137.306	0.016	1.301
5/15/2049	2.875	136.314	137.014	0.018	1.321
8/15/2050	1.375	100.202	100.222	0.02	1.347

Is this a premium or a discount bond?

multiple choice

Premium bond

Discount bond

a.	What is its current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b.	What is its yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.)
c.	What is the bid-ask spread in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)