What is the asked price of this bond in dollars

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Reference no: EM131250902

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 24	103.5436	103.5314	+.3274	5.959
6.152	May 29	104.4926	104.6383	+.4269	??
6.153	May 39	??	??	+.5379	3.991

• 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.)

• If the bid-ask spread for this bond is .0647, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131250902

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