You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? 5.324 6.173 Maturity Mo/Yr May 29 a. Asked price b. Bid price May 34 May 44 Bid Asked 103.5488 103.5366 104.4978 104.6435 ?? ?? Chg +.3041 +.4317 +.5431 Ask Yld 6.039 ?? 4.071 a. In the above table, find the Treasury bond that matures in May 2044. 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.) b. If the bid-ask spread for this bond is .0538, what is the bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2021. Company (Ticker) IOU (IOU) Coupon 5.5 a. YTM b. Current yield Maturity April 19, 2037 % 5.05 % Last Price Last Yield 108.89 ?? a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EST volume (000s) 1,841

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O ook int ences You find the following Treasury bond quotes. To calculate the number of years until maturity, assu of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 6.052 6.143 Maturity Month/Year May 33 May 36 May 42 Yield to maturity Asked Bid 103.4560 103.5288 104.4900 104.6357 ?? Change Ask Yield +.3248 5.00 % +.4245 +.5353 In the above table, find the Treasury bond that matures in May 2036. What is your yield to matur Note: Do not round intermediate calculations and enter your answer as a percent rounded to 5.919 ?? 3.951

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Asked Rate ??question mark 5.524 6.193 Maturity Month/Year May 34 May 37 May 43 Bid 103.4690 104.5030 ??question mark 103.5418 104.6487 ??question mark Change Ask Yield +.3093 6.119 +.4365 ?? +.5483 4.151 In the above table, find the Treasury bond that matures in May 2037. What is your yield to maturity if you buy this bond?

There are two zero-coupon bonds below: Coupon Term to rate maturity 0% 1 year 10% 2 years Bond A B FV $100 $100 Price $95.24 $107.42 Consider a 2-year coupon bond C with FV = $100, coupon rate=25%, and price = $ 138. Is Bond C underpriced/overpriced relative to Bonds A and B? What is the potential arbitrage trading strategy? O a. Overpriced; Long 3/22 unit of A; Long 25/22 unit of B; Short 1 unit of C O b. Underpriced; Long 3/22 unit of A; Long 25/22 unit of B; Short 1 unit of C O c. Overpriced; Long 3 unit of A; Long 25 unit of B; Short 1 unit of C O d. Underpriced; Long 3 unit of A; Long 25 unit of B; Short 1 unit of C

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You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2022. The bonds have a par value of $2,000 and semiannual coupons. Company (Ticker) Xenon, Incorporated (XIC) Kenny Corporation (KCC) Williams Company (WICO) Coupon 6.300 7.210 ?? a. Price b. Current yield Maturity January 15, 2043 January 15, 2037 January 15, 2039 % Last Price Last Yield 94.291 ?? 6.20 ?? 94.825 7.02 Estimated $ Volume (000s) 57,371 a. What price would you expect to pay for the Kenny Corporation bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the bond's current yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 48,950 43,811

S Suppose the following bond quotes for IOU Corporation appear in the financial page of today's newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2021. Assume semiannual coupon payments. Company (Ticker) IOU (IOU) Coupon 5.7 Maturity April 19, 2043 Last Price 108.96 Last Yield ?? EST volume (000s) 1,827 a. What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the current yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. YTM b. Current yield % %