Question
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons.
| Rate | Maturity Month/Year | Bid | Asked | Change | Ask Yield |
|---|---|---|---|---|---|
| ?? | May 29 | 103.4625 | 103.5353 | +.3028 | 6.019 |
| 6.302 | May 32 | 104.4965 | 104.6422 | +.4305 | ?? |
| 6.168 | May 38 | ?? | ?? | +.5418 | 4.051 |
In the above table, find the Treasury bond that matures in May 2032. What is your yield to maturity if you buy this bond?
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Principles Of Housing Finance Reform
Authors: Susan M. Wachter, Joseph Tracy
1st Edition
0812248627, 978-0812248623
