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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 2016. The bonds have
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000. Rate ?? 5.424 6.183 Maturity Mo/Yr May 24 May 29 May 39 Bid 103.5514 104.5004 ?? Asked 103.5392 104.6461 ?? Chg +3067 +.4341 +.5457 Ask Yld 6.079 ?? 4.111 In the above table, find the Treasury bond that matures in May 2039. 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.) Asked price If the bid-ask spread for this bond is .0552, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price
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