You find the following Treasury bond quotes. To calculate the number of years until maturity, assume...
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You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 6.102 6.148 Maturity Month/Year May 33 May 38 May 48 a. Asked price b. Bid price Bid 103.5301 Asked 103.5423 104.4913 104.6370 ?? ?? Change +.3261 +.4257 +.5366 Ask Yield 5.939 ?? 3.971 a. In the above table, find the Treasury bond that matures in May 2048. What is the asked price of this bond in dollars? Note: 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 .0644, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 6.102 6.148 Maturity Month/Year May 33 May 38 May 48 a. Asked price b. Bid price Bid 103.5301 Asked 103.5423 104.4913 104.6370 ?? ?? Change +.3261 +.4257 +.5366 Ask Yield 5.939 ?? 3.971 a. In the above table, find the Treasury bond that matures in May 2048. What is the asked price of this bond in dollars? Note: 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 .0644, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
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In the table presented you are asked to find the asked price of a Treasury bond that matures in May ... View the full answer
Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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