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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 29 May 32 May 38 Bid 103.4625 104.4965 ?? Asked 103.5353 104.6422 ?? Change +.3028 +.4305 +.5418 Ask Yield 6.019 ?? 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? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Yield to maturity %
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