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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.

Rate Maturity Mo/Yr Bid Asked Chg Ask Yld

?? May 25 103.5410 103.5288 +.3248 5.919

6.052 May 30 104.4900 104.6357 +.4245 ??

6.143 May 40 ?? ?? +.5353 3.951

a.
In the above table, find the Treasury bond that matures in May 2040. 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 .0641, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Previous Question Next Question

Rate	Maturity Mo/Yr	Bid	Asked	Chg	Ask Yld
??	May 25	103.5410	103.5288	+.3248	5.919
6.052	May 30	104.4900	104.6357	+.4245	??
6.143	May 40	??	??	+.5353	3.951


a.	In the above table, find the Treasury bond that matures in May 2040. 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 .0641, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)