$5$

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Problem $6-28$ Bond Yields $[$LO $2]$

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 Maturity Month$/$Year Bid Asked Change Ask Yield

$??$question mark May $32103\mathrm{.}4742103\mathrm{.}5470+\mathrm{.}31456\mathrm{.}199$

$5\mathrm{.}724$ May $35104\mathrm{.}5082104\mathrm{.}6539+\mathrm{.}4413??$

$6\mathrm{.}213$ May $41??$question mark $??$question mark $+\mathrm{.}55354\mathrm{.}231$

In the above table, find the Treasury bond that matures in May $2035.$ What is your yield to maturity if you buy this bond?