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Refer to Figure 2.3 and look at the Treasury bond maturing in May 2023. Figure 2.3 Maturity Coupon Bid Asked Change Asked Yield to Maturity

Refer to Figure 2.3 and look at the Treasury bond maturing in May 2023. Figure 2.3

Maturity Coupon Bid Asked Change Asked Yield to Maturity
15-Feb-2019 2.750 100.0391 100.0547 0.0078 2.256
30-Apr-2021 2.250 99.7500 99.7656 0.2344 2.354
15-May-2023 1.750 97.4531 97.4688 0.4766 2.364
15-Aug-2029 6.125 132.7266 132.7891 1.1406 2.575
15-Feb-2036 4.500 125.4688 125.5313 1.5391 2.637
15-Aug-2048 3.000 101.8984 101.9297 1.5391 2.902

a. How much would you have to pay to purchase one of these bonds? All help is appreciated.

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