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You find the following Treasury bond quotes. To 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. To 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 23 Ask Yld ?? 6.179 Bid Asked Chg 103.5579 103.5457 - 3132 104.5069 104.6526 +.4401 +.5522 ?? 5.674 May 28 6.208 May 38 4.211 a. 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 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 .0588, 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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