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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 21 103.5397 103.6275 +.3235 2.229
6.002 May 26 104.4887 104.6344 +.4233 ??
6.138 May 36 ?? ?? +.5340 3.931

In the above table, find the Treasury bond that matures in May 2021. 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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