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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

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 23 103.5423 103.6301 +.3261 2.269
6.102 May 28 104.4913 104.6370 +.4257 ??
6.148 May 38 ?? ?? +.5366 3.971

Required:

In the above table, find the Treasury bond that matures in May 2023. What is the coupon rate for this bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Coupon rate %

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