Question
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 Maturity Mo/Yr Bid Asked Chg Ask Yld ?? May 18 103.4755 103.5483 +.3158 6.219 5.774 May 23 104.5095 104.6552 +.4425 ?? 6.218 May 33 ?? ?? +.5548 4.251 In the above table, find the Treasury bond that matures in May 2023. What is your yield to maturity if you buy this bond? (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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