Rate ?? 6.052 6.143 Maturity Month/Year May 32 May 37 May 47 Bid Asked 103.5410 103.5288 104.4900 104.6357 ?? ?? Change Ask Yield +.3248 +.4245 +.5353 5.919 ?? 3.951 In the above table, find the Treasury bond that matures in May 2047. What is the asked pr Note: Do not round intermediate calculations and round your answer to 2 decimal plac If the bid-ask spread for this bond is .0641, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal plac
Rate ?? 6.052 6.143 Maturity Month/Year May 32 May 37 May 47 Bid Asked 103.5410 103.5288 104.4900 104.6357 ?? ?? Change Ask Yield +.3248 +.4245 +.5353 5.919 ?? 3.951 In the above table, find the Treasury bond that matures in May 2047. What is the asked pr Note: Do not round intermediate calculations and round your answer to 2 decimal plac If the bid-ask spread for this bond is .0641, what is the bid price in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal plac
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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Question
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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
??
6.052
6.143
Maturity
Month/Year
May 32
May 37
May 47
Bid
Asked
103.5410 103.5288
a. Asked price
b. Bid price
104.4900 104.6357
??
??
Change
+.3248
+.4245
+.5353
Ask Yield
5.919
??
3.951
a. In the above table, find the Treasury bond that matures in May 2047. 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 .0641, 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.
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