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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 Maturity May 24 May 39 Ask Yld 5.950 Rate Bid 103.5436 103.5314+3274 Asked Chg .152 May 2 104.4926 104.8383 +428 6.153 537 3.991 In the above table, find the Treasury bond that matures in May 2039. 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 S If the bid-ask spread for this bond is 0647, 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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