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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 the
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 5.474 6.188 Maturity Month/Year May 31 May 36 May 46 Asked 103.5405 Bid 103.5527 104.5017 104.6474 ?? ?? X Answer is complete but not entirely correct. a. Asked price b. Bid price $ $ Change +.3080 +.4353 +.5470 a. In the above table, find the Treasury bond that matures in May 2046. What is the asked price of this bond in dollars? Note: 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 .0559, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. 105.06 x 104.90 x Ask Yield 6.099 4.131
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