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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 2019 and the bond

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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 2019 and the bond has a par value of $1,000. Rate ?? Maturity Mo/Yr May 21 Bid Asked Chg 103.5605 103.5483 +3158 104.5095 104.6552 +4425 Ask Yld 6.219 5.774 May 26 27 6.218 +.5548 May 36 ?? ?? 4.251 a. In the above table, find the Treasury bond that matures in May 2036. 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.) b. If the bid-ask spread for this bond is 0602, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. a. $ Asked price Bid price 0.00 1,234.65 b

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