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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 2022. All of
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 ?? 6.302 6.168 Maturity Month/Year May 37 May 42 May 52 Bid 103.5353 104.4965 ?? Asked 103.5475 104.6422 ?? Change +.3028 +.4305 +.5418 Ask Yield 6.019 ?? 4.051 a. In the above table, find the Treasury bond that matures in May 2052. What is the asked price of this bond in dollars? Note: 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 .0657, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Asked price b. Bid price
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