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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 27 103.5475 103.6353 +.3028 2.349
6.302 May 32 104.4965 104.6422 +.4305 ??
6.168 May 42 ?? ?? +.5418 4.051

In the above table, find the Treasury bond that matures in May 2027. 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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