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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 2019, the bond has

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019, the bond has a par value of $1,000, and that coupons are paid semiannually.

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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 2019, the bond has a par value of $1,000, and that coupons are paid semiannually. Maturity Mo/Yr Ask Yld Rate Bid 103.5436 Asked 103.6314 Chg +.3274 ?? May 27 2.289 104.4926 104.6383 +.4269 6.152 May 32 ?? +.5379 6.153 May 42 ?? ?? 3.991 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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