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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 ?? 5.901 6.128 Maturity Month/Year May 30 May 33 May 39 Bid 103.4521 104.4861 72 Asked 103.5249 Change +.3209 104.6318 22 +.4209 +.5314 Ask Yield 5.859 22 3.891 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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