To calculate the number of years until maturity, assume that it is currently May

Question

To calculate the number of years until maturity, assume that it is currently May 2010.

Rate Maturity Mo/Yr Bid Asked Chg Ask
Yld

?? May 20 106:18 106:22 +2 5.06
6.700 May 28 108:17 108:19 +4 ??
5.400 May 38 ?? ?? +3 6.58

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Requirement 1:
In the above table, find the Treasury bond that matures in May 2038. What is the asked price of this bond in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)


Asked price $ _________

Requirement 2:
If the bid-ask spread for this bond is two ticks, what is the bid price in dollars? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)


Bid price $ ______

Explanation / Answer

Asked price $ 450.23 Bid price $ 658.21

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