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In: Finance

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume...

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.)

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