You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000 Ask Yld 2.189 2? 3.891 Maturity Bid Asked Chg Mo/Yr May 19 103.5371 103.6249 +.3209 May 24 104.4861 104.6318 May 34 Rate +4209 5.901 6.128 +.5314 In the above table, find the Treasury bond that matures in May 2019. 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 References eBook & Resources Learning Objective: 06-02 Describe bond values and why they fluctuate Worksheet Difficulty: 2 Intermediate Section: 6.1 Bonds and Bond Valuation