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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 Rate Mo/Yi Bid Asked Cha Yld 77 May 19 103.5592 103.6474 +3145 2.529 5.724 May 24 104.5082 104.6539 + 4413 77 6213 May 34 72 72 +5535 4.231 In the above tablo, 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 %

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