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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 22 5.624 6.203 Maturity Month/Year May 30 May 33 Bid 103.4716 104.5056 Asked 103.5444 104.6513 May 39 22 22 +.4389 +.5509 Change Ask Yield +.3119 6.159 27 4.191 In the above table, find the Treasury bond that matures in May 2033. 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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