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 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 5.624 6.203 Maturity Month/Year Coupon rate May 34 May 39 May 49 Bid 103.5566 104.5056 Asked 103.6448 104.6513 ?? 3.10 % Change +.3119 +.4389 +.550 Ask Yield 2.489 In the above table, find the Treasury bond that matures in May 2034. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 4.191

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. In the above table, find the Treasury bond that matures in May 2034. What is the coupon rate for this bond? Note: Do not round intermediate colculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16