Check my workCheck My Work button is now enabled Item 3 Item 3 1 points Problem 6 30 Coupon Rates LO 2 You find the following Treasury bond quotes To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000 Rate Maturity Mo Yr Bid Asked Chg Ask Yld May 24 103 5397 103 6275 3235 2 229 6 002 May 29 104 4887 104 6344 4233 6 138 May 39 5340 3 931 In the above table, find the Treasury bond that matures in May 2024 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 )

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Question: Check my workCheck My Work button is now enabled Item 3 Item 3 1 points Problem 6-30 Coupon Rates [LO 2] You find the following

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Problem 6-30 Coupon Rates [LO 2]

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2019 and the bond has a par value of $1,000.

Rate	Maturity Mo/Yr	Bid	Asked	Chg	Ask Yld
??	May 24	103.5397	103.6275	+.3235	2.229
6.002	May 29	104.4887	104.6344	+.4233	??
6.138	May 39	??	??	+.5340	3.931

In the above table, find the Treasury bond that matures in May 2024. 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.)

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