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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
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. Maturity Ask Rate Mo/Yr Bid Asked 103.4612 103.5340 Chg Yld ?? May 29 +.3015 5.999 104.4952 104.6409 +.4293 6.252 May 34 ?? +.5405 6.163 May 44 ?? ?? 4.031 In the above table, find the Treasury bond that matures in May 2034. 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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