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Please show all work. You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May
Please show all work.
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000. Rate Maturity Mo/Yr May 18 May 23 May 36 Bid 103.5362 104.1762 ?? Asked 103.8235 104.3850 ?? Chg +.3204 +.4513 +.6821 Ask Yld 5.850 ?? 3.870 5.850 6.125 In the above table, find the Treasury bond that matures in May 2036. 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.) Asked price $ If the bid-ask spread for this bond is.0628, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price $Step by Step Solution
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