Question: 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

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 2019 and the bond has a par value of $1,000. Rate ?? Maturity Mo/Yr May 29 Bid Asked Chg 103.4612 103.5340 +,3015 104.4952 104.6409 +.4293 Ask Yld 5.999 6.252 May 34 May 44 +.5405 6.163 ?? 4.031 In the above table, find the Treasury bond that matures in May 2034. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity

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