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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
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. ped Rate Maturity Mo/Yr Bid Asked 103.5527 103.5405 Chg +.3080 Ask Yld ?? Jok May 26 6.099 Int 5.474 104.5017 104.6474 May 31 +4353 ?? ences 6.188 May 41 ?? +.5470 ?? 4.131 a. In the above table, find the Treasury bond that matures in May 2041. 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 .0559, 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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