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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

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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 bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? Maturity Month/Year Bid May 36 103.5462 6.252 6.163 May 41 104.4952 May 51 ?? Asked 103.6340 104.6409 ?? +.3015 +.4293 +.5405 Change Ask Yield 2.329 ?? 4.031 In the above table, find the Treasury bond that matures in May 2036. What is the coupon rate for this bond? Note: 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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