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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. Bid Chg Rate ?? 5.774 6.218 Maturity Mo/Yr May 18 May 23 May 33 103.5605 104.5095 ?? Asked 103.6487 104.6552 +.3158 +.4425 +.5548 Ask Yld 2.549 ?? 4.251 ?? In the above table, find the Treasury bond that matures in May 2018. What is the coupon rate for this bond? (Do not round intermediate calculations and enter your answer as a percent rounde to 2 decimal places, e.g., 32.16.) Coupon rate
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