Problem $6-14$ Using Treasury Quotes $[$LO $2]$

Locate the Treasury bond in Figure $6\mathrm{.}4$ maturing in November $2049.$ Assume a $$2,000$ par value.

a$.$ Is this a premium or discount bond?

b$.$ What is its current yield?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is its yield to maturity?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to

$3$ decimal places, e$.$g$.,32\mathrm{.}161.$

d$.$ What is the bid$-$ask spread in dollars?

Note: Do not round intermediate calculations and round your answer to $3$ decimal places,

e$.$g$.,32\mathrm{.}161.$

Figure $6\mathrm{.}4$ Sample Wall Street Journal U$.$S$.$ Treasury note and bond prices

Source:

www$.$wsj$.$com, January $22,2021.$