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You find the following Treasury bond quotes. To calculate the number of years until maturity,...

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Accounting

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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 a par value of $1,000. Maturity Mo/Yr Chg May 19 103.5592 103.6474 +3145 5.724 May 24 104.5082 104.6539 +4413 Bid Asked Yld 2.529 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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