Problem

Finding the Maturity. You've just found a 10 percent coupon bond on the market that se...

Finding the Maturity. You've just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond (Warning: possible trick question)?

Use the following Treasury bond quotes to answer Questions 25–27. To calculate the number of years until maturity, assume that it is currently May 2010.

Rate

Maturity
Mo/Yr

Bid

Asked

Chg

Ask
YId

??

May 15

106:13

106:17

+ 2

4.96

6.450

May 23

108:12

108:14

+ 4

??

5.375

May 33

??

??

+ 3

6.48

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