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A Treasury bond with the longest maturity (30 years) has an ask price quoted at 109.4375....

A Treasury bond with the longest maturity (30 years) has an ask price quoted at 109.4375. The coupon rate is 2.60 percent, paid semiannually. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

YTM:

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Expert Solution

ASSUMED FACE VALUE = 100. FACE VALUE ASSUMPTION WILL NOT CHANGE YTM.

jeff jeffy answered 6 months ago
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