In: Finance
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 27 103.4625 103.5353 +.3028 6.019 6.302 May 32 104.4965 104.6422 +.4305 ?? 6.168 May 42 ?? ?? +.5418 4.051 In the above table, find the Treasury bond that matures in May 2032. 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