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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 21 103.5566 103.6448 +.3119 2.489
5.624 May 26 104.5056 104.6513 +.4389 ??
6.203 May 36 ?? ?? +.5509 4.191
Required:

In the above table, find the Treasury bond that matures in May 2021. What is the coupon rate for this bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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