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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 23 103.4573 103.5301 +.3261 5.939 6.102 May 28 104.4913 104.6370 +.4257 ?? 6.148 May 38 ?? ?? +.5366 3.971 In the above table, find the Treasury bond that matures in May 2028.

What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity %

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