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To calculate the number of years until maturity, assume that it is currently May 2019. All of the bonds have a $1,000 par value and

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To calculate the number of years until maturity, assume that it is currently May 2019. All of the bonds have a $1,000 par value and pay semiannual coupons. Maturity Mo/Yr Rate Ask Yld Bid Asked 103.5362 103.8235 Asked Chg +.3204 43204 ?? May 25 218 103.1840 103.3215 +.4513 5.850 ?? 6.125 May 36 ?? ?? +.6821 3.87 In the above table, find the Treasury bond that matures in May 2025. 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.) Coupon rate 2.99%

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