You find the following Treasury bond quote. To calculate the number of years until maturity, assume that it is currently May 2016. The bonds have a par value of $1,000.
Rate Maturity Mo/YR Bid price Ask price Chg Ask Yld
5.374 May 30 104.4991 104.6448 +.4329 ??
In the above table, find the Treasury bond that matures in May 2030. What is your yield to maturity if you buy this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Yield to maturity =