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 2013.

Rate

Maturity
Mo/Yr

Bid

Asked

Chg

Ask
Yld

??          

May 27     

103.5475     

103.6353     

+.3028        

2.349      

6.302       

May 32     

104.4965     

104.6422     

+.4305        

??        

6.168       

May 42     

??        

??        

+.5418        

4.051      

Required:

In the above table, find the Treasury bond that matures in May 2027. What is the coupon rate for this bond?(Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Coupon rate

  %

To calculate the number of years until maturity, assume that it is currently May 2013.

Explanation / Answer

6.250%

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