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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 and the bond
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000. Rate ?? Maturity Mo/Yr May 23 Bid Asked 103.5384 103.6262 Chg +3222 Ask Yld 2.209 5.952 May 28 104.4874 104.6331 +4221 ?? +.5327 6.133 May 38 ?? ?? 3.911 In the above table, find the Treasury bond that matures in May 2023. 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.) Answer is complete but not entirely correct. Coupon rate 2.91 X %
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