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 ?? 5.901 6.128 Maturity Month/Year May 30 May 33 May 39 Yield to maturity Bid Asked 103.4521 103.5249 104.4861 104.6318 ?? ?? Change +.3209 +.4209 +.5314 In the above table, find the Treasury bond that matures in May 2033. What is your yield to maturity if you buy this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. % Ask Yield 5.859 ?? 3.891

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 2022. All
of the bonds have a par value of $1,000 and pay semiannual coupons.
Rate
??
5.901
6.128
Maturity
Month/Year
May 30
May 33
May 39
Bid
103.4521
104.4861
??
Yield to maturity
Asked
103.5249
104.6318
??
I%
Change
+.3209
+.4209
+.5314
In the above table, find the Treasury bond that matures in May 2033. What is your yield to maturity if you buy this bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Ask Yield
5.859
??
3.891
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 ?? 5.901 6.128 Maturity Month/Year May 30 May 33 May 39 Bid 103.4521 104.4861 ?? Yield to maturity Asked 103.5249 104.6318 ?? I% Change +.3209 +.4209 +.5314 In the above table, find the Treasury bond that matures in May 2033. What is your yield to maturity if you buy this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Ask Yield 5.859 ?? 3.891
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