Question

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000.

Rate	Maturity Mo/Yr	Bid	Asked	Chg	Ask Yld
??	May 20	103.5384	103.5262	+.3222	5.879
5.952	May 25	104.4874	104.6331	+.4221	??
6.133	May 35	??	??	+.5327	3.911

In the above table, find the Treasury bond that matures in May 2035. 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.)

Asked price            $

If the bid-ask spread for this bond is .0634, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer 1