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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 Maturity Mo/Yr Bid Asked Chg Ask Yld
?? May 23 103.5527 103.5405 +.3080 6.099
5.474 May 28 104.5017 104.6474 +.4353 ??
6.188 May 38 ?? ?? +.5470 4.131

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 .0559, 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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