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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. Maturity Mo/Yr Rate Ask Yld Bid Asked 103.5475 103.5353 Chg +3028 ?? May 30 6.019 6.302 104.4965 104.6422 +4305 ?? May 35 May 45 6.168 ?? ?? +.5418 4.051 a. In the above table, find the Treasury bond that matures in May 2045. 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 .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.) a. Asked price b. Bid price
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