Question: Problem 6-29 Bond Prices [LO 2] Below, you will find Treasury bond quotes. To calculate the number of years until maturity, assume that it is
Problem 6-29 Bond Prices [LO 2] Below, you will find Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2013. Ask Yld 2.18 Rate Bid AskedChg Mo/Yr May 18 103.5362 103.8235 +3204 May 23 104.1762104.3850 4513 May 36 5.850 6.125 +.6821 3.87 Requirement 1: In the above table, find the Treasury bond that matures in May 2036. What is the asked price of this bond in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) Asked price Requirement 2: If the bid-ask spread for this bond is .0628, what is the bid price in dollars? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) Bid price
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