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Problem 6-30 Coupon Rates [LO 2]

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	Maturity Mo/Yr	Bid	Asked	Chg	Ask Yld
??	May 24	103.5397	103.6275	+.3235	2.229
6.002	May 29	104.4887	104.6344	+.4233	??
6.138	May 39	??	??	+.5340	3.931

In the above table, find the Treasury bond that matures in May 2024. What is the coupon rate for this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)