To calculate the number of years until maturity, assume that it is currently May

Question

To calculate the number of years until maturity, assume that it is currently May 2010.

Rate Maturity
Mo/Yr Bid Asked Chg Ask
Yld
?? May 32 106:20 106:24 +2 5.30
7.300 May 40 108:19 108:21 +4 ??
5.460 May 50 ?? ?? +3 6.82

Required:

In the above table, find the Treasury bond that matures in May 2032. What is the coupon rate for this bond? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Coupon rate %

Explanation / Answer

2/5.3x32= 12.075%

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