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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 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 27 103.5475 103.5353 +.3028 6.019
6.302 May 32 104.4965 104.6422 +.4305 ??
6.168 May 42 ?? ?? +.5418 4.051

In the above table, find the Treasury bond that matures in May 2042. 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.) Asked price $ If the bid-ask spread for this bond is .0657, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price $

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