You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? 5.624 Maturity Mo/Yr May 24 May 29 Bid Asked 103.5566 103.5444 104.5056 104.6513 Chg +3119 +4389 +5509 Ask Yld 6.159 ??

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
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You find the following Treasury bond quotes. To calculate the number of years until
maturity, assume that it is currently May 2019 and the bond has a par value of $1,000.
Rate
??
a.
b.
5.624
6.203
Maturity
Mo/Yr
May 24
May 29
May 39
Bid
Asked
103.5566 103.5444
104.5056
104.6513
??
Asked price
Bid price
Answer is not complete.
??
S 1,069.00
Chg
+3119
+.4389
+.5509
a. In the above table, find the Treasury bond that matures In May 2039. What is the
asked price of this bond in dollars? (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 .0581, what is the bid price in dollars? (Do not
round Intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.)
Ask
Yld
6.159
??
4.191
Transcribed Image Text:You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? a. b. 5.624 6.203 Maturity Mo/Yr May 24 May 29 May 39 Bid Asked 103.5566 103.5444 104.5056 104.6513 ?? Asked price Bid price Answer is not complete. ?? S 1,069.00 Chg +3119 +.4389 +.5509 a. In the above table, find the Treasury bond that matures In May 2039. What is the asked price of this bond in dollars? (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 .0581, what is the bid price in dollars? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ask Yld 6.159 ?? 4.191
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