Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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.
Rate
??
5.424
6.183
Maturity
Month/Year
May 32
May 35
May 41
Yield to maturity
Bid
103.4664
Asked
103.5392
104.5004 104.6461
Change
+.3867
+.4341
+.5457
In the above table, find the Treasury bond that matures in May 2035. What is your yield to maturity if you buy this bond?
Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
96
Ask Yield
6.879
??
4.111
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Transcribed Image Text: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. Rate ?? 5.424 6.183 Maturity Month/Year May 32 May 35 May 41 Yield to maturity Bid 103.4664 Asked 103.5392 104.5004 104.6461 Change +.3867 +.4341 +.5457 In the above table, find the Treasury bond that matures in May 2035. What is your yield to maturity if you buy this bond? Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 96 Ask Yield 6.879 ?? 4.111
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