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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 20 103.5579 103.6461 +.3132 2.509
5.674 May 25 104.5069 104.6526 +.4401 ??
6.208 May 35 ?? ?? +.5522 4.211

In the above table, find the Treasury bond that matures in May 2020. 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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