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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

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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 a par value of $1,000 Maturity Ask Yld 2.389 chg +.3054 +.4329 +5444 Rate Mo/Yr May 25 103.5501 103.6383 May 30 104.4991 104.6448 May 40 Bid Asked 5.374 6.178 4.091 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

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