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Problem 6-29 Bond Prices [LO 2] You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it

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Problem 6-29 Bond Prices [LO 2] 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 Ask Rate Mo/Yr Bid 103.5540 Asked 103.5418 Chg Yld ?? May 24 +.3093 6.119 5.524 May 29 104.5030 104.6487 +.4365 ?? 6.193 May 39 +.5483 ?? ?? 4.151 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 .0566, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Asked price b. Bid price

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