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need help on this problem You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently
need help on this problem
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Maturity Mo/Y May 27 Ask Yld Rate Bid Asked 103.4586 103.5314 Chg +3274 ?? 5.959 104.4926 104.6383 + 4269 6.152 May 32 ?? 22 6.153 +.5379 ?? May 42 3.991 In the above table, find the Treasury bond that matures in May 2032. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity Step by Step Solution
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