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PLEASE EXPLAIN YOUR ANSWER AS WELL AS HELP WITH FINANCIAL CALCULATOR! THANK YOU IN ADVANCE :) You find the following Treasury bond quotes. To calculate

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PLEASE EXPLAIN YOUR ANSWER AS WELL AS HELP WITH FINANCIAL CALCULATOR! THANK YOU IN ADVANCE :)

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/Yr Ask Asked 103.5397 103.5275 Rate Bid Chg +.3235 Yld ?? May 24 5.899 104.4887 104.6344 +4233 6.002 May 29 ?? +5340 6.138 May 39 ?? ?? 3.931 a. In the above table, find the Treasury bond that matures in May 2039. What is the asked price of this bond in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the bid-ask spread for this bond is .0637, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Asked price a. b. Bid price

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