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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

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. image text in transcribed
Maturity Mo/Yr Ask Yld Rate Bid 103.5449 Asked 103.5327 Chg +3287 ?? May 28 5.979 104.4939 6.202 May 33 104.6396 +4281 ?? +.5392 6.158 May 43 ?? ?? 4.011 a. In the above table, find the Treasury bond that matures in May 2043. 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 .0651, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Asked price b. Bid price

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