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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

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.

Rate Maturity Mo/Yr Bid Asked Chg Ask Yld
?? May 26 103.5488 103.6370 +.3041 2.369
5.324 May 31 104.4978 104.6435 +.4317 ??
6.173 May 41 ?? ?? +.5431 4.071

In the above table, find the Treasury bond that matures in May 2026. 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.)

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