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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 2016. The bonds have

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000.

Rate: 6.143 Maturity Mo/Yr: May 37 Bid:?? Asked: ?? Chg: +.5353 Ask Yld: 3.951

In the above table, find the Treasury bond that matures in May 2037. What is the asked price of this bond in dollars?If the bid-ask spread for this bond is .0641, what is the bid price in dollars?

I saw that there was a similar problem on this website but had a difficult time calculating the PVIF and PVIFA.

Thank you

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