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Youve just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond? (Warning: Possible

Youve just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond? (Warning: Possible trick question.) Use the following Treasury bond quotes to answer Questions 2830: To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a $1,000 par value and pay semiannual coupons.

RATE MATURITY BID ASKED Chg ASK Yld
?? May 29 102.725 102.915 0.3204 2.18
3.850 June 32 103.468 103.823 0.4513 ??
4.125 July 38 ?? ?? 0.6821 3.87

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