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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 {:[" Maturity "],[" Month/Year "]:} Bid Asked Change Ask Yield 3? May 33 103.5423 103.5301 +.3261 5.939 6.102 May 38 104.4913 104.6370 +.4257 ?? 6.148 May 48 ?? ?? +.5366 3.971 a. In the above table, find the Treasury bond that matures in May 2048. 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 .0644 , what
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