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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
?? May 35 103.5579 103.5457 +.3132 6.179
5.674 May 40 104.5069 104.6526 +.4401 ??
6.208 May 50 ?? ?? +.5522 4.211
  1. In the above table, find the Treasury bond that matures in May 2050. 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.

  2. If the bid-ask spread for this bond is .0588, what is the bid price in dollars?

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