Question: To calculate the number of years until maturity, assume that it is currently May 2010. Rate Maturity Bid Asked Chg Ask Mo/Yr Yld ?? 16-May

To calculate the number of years until maturity, assume that it is currently May 2010. Rate Maturity Bid Asked Chg Ask Mo/Yr Yld ?? 16-May 106:14:00 106:18:00 2 4.98 6.5 24-May 108:13:00 108:15:00 4 ?? 5.38 May-34 ?? ?? 3 6.5 Requirement 1: In the above table, find the Treasury bond that matures in May 2034. What is the asked price of this bond in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places. Asked Price $??? Requirement 2: If the bid-ask spread for this bond is two ticks, what is the bid price in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places. Bid price $

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