You find the following Treasury bond quotes. To calculate the number of years until maturity, assume tha it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 5.724 6.213 Maturity Month/Year May 36 May 41 May 51 Coupon rate Bid 103.5592 104.5082 ?? Asked 103.6474 104.6539 ?? Change +.3145 +.4413 +.5535 In the above table, find the Treasury bond that matures in May 2036. What is the coupon rate for this bond? % Ask Yield 2.529 ?? 4.231 Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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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 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons.
Rate
??
5.724
6.213
Maturity
Month/Year
May 36
May 41
May 51
Bid
103.5592
104.5082
??
Asked
103.6474
104.6539
??
Change
+.3145
%
+.4413
+.5535
Ask Yield
2.529
??
4.231
In the above table, find the Treasury bond that matures in May 2036. What is the coupon rate for this
bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.
Coupon rate c
Transcribed Image Text:You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons. Rate ?? 5.724 6.213 Maturity Month/Year May 36 May 41 May 51 Bid 103.5592 104.5082 ?? Asked 103.6474 104.6539 ?? Change +.3145 % +.4413 +.5535 Ask Yield 2.529 ?? 4.231 In the above table, find the Treasury bond that matures in May 2036. What is the coupon rate for this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Coupon rate c
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