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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

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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 a par value of $1,000. Maturity Ask Yld Mo/Yr May 23 103.5423 103.5301 +.3261 5.939 Rate Bid Asked Chg 6.102 May 28 104.4913 104.6370 +.4257 ? 6.148 May 38 2? +.5366 3.971 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.) Asked price If the bid-ask spread for this bond is .0644, what is the bid price in dollars? (Do not round intermediate 105.17 calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price Check my work 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. Maturity Ask Yld Mo/Yr May 23 103.5423 103.5301 +.3261 5.939 Rate Bid Asked Chg 6.102 May 28 104.4913 104.6370 +.4257 ? 6.148 May 38 2? +.5366 3.971 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.) Asked price If the bid-ask spread for this bond is .0644, what is the bid price in dollars? (Do not round intermediate 105.17 calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price Check my work

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