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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 bond
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. Ask Maturity Mo/Yr Rate Chg Yld Bid Asked 103.5462 103.5340 ?? May 29 5.999 104.4952 104.6409 +.4293 6.252 May 34 ?? +.5405 6.163 May 44 ?? ?? 4.031 a. In the above table, find the Treasury bond that matures in May 2044. What is the asked price of this bond in dollars? (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 .0654, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Asked price b. Bid price +.3015
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