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Treasury notes and bonds. Use the information in the following table: What is the price of the August 2003 Treasury bond with semiannual payment (assume

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Treasury notes and bonds. Use the information in the following table: What is the price of the August 2003 Treasury bond with semiannual payment (assume a $100,000 par value) with the yjeld to maturity from the table? What is the current vield of this bond? Why is the current yield higher than the yield to maturity? Hint: Make sure to round all intermediate calculations to at least six decimal places. What is the price in dollars of the August 2003 Treasury bond? (Round to the nearest cent.) What is the currrent yield of the August 2003 Treasury bond? \% (Round to three decimal places.) Why is the current yield higher than the yield to matunty? (Select the best response.) A. Because the Treasury bond is selling at a premium. B. Because the Treasury bond is selling at a discount. C. Because the Treasury bond is selling for its par value. D. Because the Treasury bond is selling at the highest rating. (Click on the following icon in order to copy its contents into a spreadsheet.)

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