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You find the following Treasury bond quotes. To calculate the number of years until maturity ssume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay emiannual coupons. Rate ?? 5.524 6 193 Maturity Month/Year May 32 May 37 May 47 Bid 103.5418 104.5030 22 Asked 103.5540 104.6487 22 Change Ask Yield +.3093 6.119 +.4365 ?? +5483 4. 151

You find the following Treasury bond quotes. To calculate the number of years until maturity ssume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay emiannual coupons. Rate ?? 5.524 6 193 Maturity Month/Year May 32 May 37 May 47 Bid 103.5418 104.5030 22 Asked 103.5540 104.6487 22 Change Ask Yield +.3093 6.119 +.4365 ?? +5483 4. 151

Essentials Of Investments
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 ?? 5.524 6.193 Maturity Month/Year May 32 May 37 May 47 Bid Asked 103.5418 103.5540 104.5030 104.6487 ?? ?? 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 .0566, 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. X Answer is complete but not entirely correct. a. Asked price b. Bid price $ $ Change Ask Yield +.3093 6.119 +.4365 ?? +.5483 4.151 815.17 X 751.47
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 ?? 5.524 6.193 Maturity Month/Year May 32 May 37 May 47 Bid Asked 103.5418 103.5540 104.5030 104.6487 ?? ?? 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 .0566, 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. X Answer is complete but not entirely correct. a. Asked price b. Bid price $ $ Change Ask Yield +.3093 6.119 +.4365 ?? +.5483 4.151 815.17 X 751.47
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