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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. Maturity Mo/Yr May 26 Chg Ask Yld Rate ?? Bid Asked 103.5423 103.5301 +3261 104.4913 104.6370 +4257 5.939 6.102 May 31 ?? +.5366 6.148 May 41 ?? ?? 3.971 a. In the above table, find the Treasury bond that matures in May 2041. 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 0644, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Asked price b. Bid price Locate the Treasury bond in Figure 6.3 maturing in May 2042. Assume a $2,000 par value. a. Is this a premium or discount bond? b. What is its current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is its yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) d. What is the bid-ask spread in dollars? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Answer is complete but not entirely correct. a. b. Premium/Discount Current yield Yield to maturity Bid-ask spread Discount bond 3.00 3.046 3.000 % % c. d. $

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