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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 May 25 May 30 Bid 103.5410 Asked 103.5288 Ask Chg Yld +3248 2010 ?? 4245 +4245 6.052 104.4900 104.6357 ?? May 40 6.143 ?? +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.) Asked price Bid price
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