ou find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. A of the bonds have a par value of $1.000 and pay semiannual coupons. Rate ?? 6.152 Maturity Month/Year May 34 May 39 6.153 May 49 Bid Asked 103.5314 103.5436 104.4926 104.6383 ?? ?? +.3274 Change Ask Yield 5.959 +.4269 +.5379 ?? 3.991 . In the above table, find the Treasury bond that matures in May 2049. What is the asked price of this bond in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. . If the bid-ask spread for this bond is .0647, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Asked price b. Bid price
ou find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. A of the bonds have a par value of $1.000 and pay semiannual coupons. Rate ?? 6.152 Maturity Month/Year May 34 May 39 6.153 May 49 Bid Asked 103.5314 103.5436 104.4926 104.6383 ?? ?? +.3274 Change Ask Yield 5.959 +.4269 +.5379 ?? 3.991 . In the above table, find the Treasury bond that matures in May 2049. What is the asked price of this bond in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. . If the bid-ask spread for this bond is .0647, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Asked price b. Bid price
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All
of the bonds have a par value of $1.000 and pay semiannual coupons.
Rate
??
6.152
6.153
Maturity
Month/Year
May 34
May 39
May 49
Bid
103.5314
104.4926
??
Asked
Change
103.5436 +.3274
104.6383 +.4269
??
+.5379
Ask Yield
5.959
??
3.991
a. In the above table, find the Treasury bond that matures in May 2049. What is the asked price of this bond in dollars?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. If the bid-ask spread for this bond is 0647, what is the bid price in dollars?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
a. Asked price
b. Bid price
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