Problem $8-15$ Using Treasury Quotes

Locate the Treasury bond in Figure $8\mathrm{.}5$ maturing in November $2039.$ Assume a par value

of $$10,000.$

Is this a premium or a discount bond?

Discount bond

Premium bond

a$.$ What is its current yield? $($Do not round intermediate calculations and enter your

answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is its yield to maturity? $($Do not round intermediate calculations and enter your

answer as a percent rounded to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

c$.$ What is the bid$-$ask spread in dollars? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$