What is the asked price of this bond in dollars

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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 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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