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.
| Rate | Maturity Mo/Yr | Bid | Asked | Chg | Ask Yld |
| ?? | May 21 | 103.4690 | 103.5418 | +.3093 | 6.119 |
| 5.524 | May 26 | 104.5030 | 104.6487 | +.4365 | ?? |
| 6.193 | May 36 | ?? | ?? | +.5483 | 4.151 |
In the above table, find the Treasury bond that matures in May 2026. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity %
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Authors: Steve Preda
1st Edition
0998447846, 978-0998447841
