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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 19

103.5592

103.6474

+.3145

2.529

5.724

May 24

104.5082

104.6539

+.4413

??

6.213

May 34

??

??

+.5535

4.231

In the above table, find the Treasury bond that matures in May 2019. 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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