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steps 1-2. explain in detail step by step please. Treasury notes and bonds. Use the information in the following table Assume a $100,000 par value.

steps 1-2. explain in detail step by step please.
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Treasury notes and bonds. Use the information in the following table Assume a $100,000 par value. What is the yield to maturity of the August 2003 Treasury bond with semiannual payment? Compare the yield to maturity and the current yield How do you explain this relationship? What is the yield to maturity of the August 2003 Treasury bond? % (Round to three decimal places) Data table x Today is February 15, 2008 Price (per Issue Type $100 per Date value) Bond Aug 2003 9737 Coupon Rate Maturity Date YTM Cul Yi 4.50% 8-15-2013 4.6 Print Done Uomo- upon ate Maturity Date YTM Current Yield Rating 50% 8-15-2013 4.622% AAA

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