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You find the following Treasury bond quotes. lo calculate the number of years until maturity, assume that it is currently May 2019 and the bond

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You find the following Treasury bond quotes. lo calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? Maturity Mo/Yr May 27 Bid 103.5436 Asked 103.5314 Chg +3274 Ask Yld 5.959 6.152 May 32 104.4926 104.6383 +4269 72 6.153 ?? 22 +.5379 May 42 3 3.991 a. In the above table, find the Treasury bond that matures in May 2042. 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 .0647, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Asked price b. Bid price

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