As with most bonds, consider a bond with a face value of $$1,000.$

The bond's maturity is $16$ years, the coupon rate is $6\%$ paid

annually, and the discount rate is $8\%.$What is the bond's Current Yield?$$Enter your answer as a percentage, without the $\text{'}\%\text{'}$ sign,

and rounded to one decimal. For example, if your answer is

$0\mathrm{.}031416,$ which is equivalent to $3\mathrm{.}1416\%,$ just enter $3\mathrm{.}1$