Problem 6-25 Bond Yields [LO 2]

To calculate the number of years until maturity, assume that it is currently May 2013.

Rate	Maturity Mo/Yr	Bid	Asked	Chg	Ask Yld
??	May 19	103.4521	103.5249	+.3209	5.859
5.901	May 24	104.4861	104.6318	+.4209	??
6.128	May 34	??	??	+.5314	3.891

Required:

In the above table, find the Treasury bond that matures in May 2024. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Yield to maturity

%