A Treasury bond with the longest maturity (30 years) has an ask price quoted at

Question

A Treasury bond with the longest maturity (30 years) has an ask price quoted at 97:28. The coupon rate is 3.40 percent, paid semiannually. What is the yield to maturity of this bond?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

A Treasury bond with the longest maturity (30 years) has an ask price quoted at 97:28. The coupon rate is 3.40 percent, paid semiannually. What is the yield to maturity of this bond?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Explanation / Answer

Yield to Maturity = 3.55%

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