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To calculate the number of years until maturity, assume that it is currently May 2010. Rate Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May
To calculate the number of years until maturity, assume that it is currently May 2010. Rate Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May 20 106:18 106:22 +2 5.06 6.700 May 28 108:17 108:19 +4 ?? 5.400 May 38 ?? ?? +3 6.58 -------------------------------------------------------------------------------- Requirement 1: In the above table, find the Treasury bond that matures in May 2038. What is the asked price of this bond in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Asked price $ _________ Requirement 2: If the bid-ask spread for this bond is two ticks, what is the bid price in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Bid price $ ______
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