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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. Maturity Rate ?? Month/Year May 34 5.524 6.193 May 37 May 43 Bid 103.4690 104.5030 ?? Asked 103.5418 104.6487 ?? Change Ask Yield +.3093 +.4365 +.5483 6.119 ?? 4.151 In the above table, find the Treasury bond that matures in May 2037. 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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