Question: 9 Problem 6-29 Bond Prices [LO 2] 2.5 points You find the following Treasury bond quotes. To calculate the number of years until maturity, assume
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9 Problem 6-29 Bond Prices [LO 2] 2.5 points 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. Skipped Rate Maturity Mo/Yr Bid Asked 103.5527 103.5405 Ask Yld Chg +.3080 eBook ?? May 26 6.099 Print 5.474 104.5017 104.6474 May 31 +4353 ?? References 6.188 May 41 ?? ?? +.5470 4.131 a. In the above table, find the Treasury bond that matures in May 2041. 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 .0559, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Asked price b. Bid price
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