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Problem 6-29 Bond Prices [LO 2] You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that tis currenty May 2016. The bonds have a par value of $1,000. Ask Yid Maturity Bid Asked Chg Mo/Yr May 21 103.5566 103.5444+3119 6.159 Rate 5.624 May 26104.5056 104.6513 +4389 6.203 May 36 2? +.55094.191 In the above table, find the Treasury bond that matures in May 2036. 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.) Asked price If the bid-ask spread for this bond is 0581, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Bid price S
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A Par value (FV B Coupon rate ClNumber of compounding periods per vear 1,000.00 6.203% 2 31.02 20 4 D AxB/CInterest per period (P El Number of vears to maturit F CxENumber of compounding periods till maturity (NPER 40 4.191% 2.096% PV(RATE,NPER,PMT, FV)*-1 GMarket rate of return/Required rate of return G/C Market rate of return/Required rate of return per period (RATE) Asked price 10 Asked price 1,270.64 -PV( 2.1%,40.31.015, 1000)-1 12 Bid price 1,270.06 1270.64-1000*0.0581%

answered by: ANURANJAN SARSAM
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