In: Finance
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 |
Bid | Asked | Chg | Ask Yld |
?? | May 22 | 103.5371 | 103.5249 | +.3209 | 5.859 |
5.901 | May 27 | 104.4861 | 104.6318 | +.4209 | ?? |
6.128 | May 37 | ?? | ?? | +.5314 | 3.891 |
a. |
In the above table, find the Treasury bond that matures in May 2037. 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 .0631, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |