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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 2022. All of the
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate Maturity Month/Year Bid Asked Change Ask Yield ??question mark May 31 103.5397 103.5275 +.3235 5.899 6.002 May 36 104.4887 104.6344 +.4233 ??question mark 6.138 May 46 ??question mark ??question mark +.5340 3.931 In the above table, find the Treasury bond that matures in May 2046. What is the asked price of this bond in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. If the bid-ask spread for this bond is .0637, what is the bid price in dollars? Note: Do not round intermediate calculation
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