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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 2022. All of the

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons.

Rate Maturity Month/Year Bid Asked Change Ask Yield
?? May 32 103.4547 103.5275 +.3235 5.899
6.002 May 35 104.4887 104.6344 +.4233 ??
6.138 May 41 ?? ?? +.5340 3.931

In the above table, find the Treasury bond that matures in May 2035. What is your yield to maturity if you buy this bond?

Note: 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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