A bond with an annual coupon rate of 4.8% sells for $970. What is the bonds current

Question:

A bond with an annual coupon rate of 4.8% sells for $970. What is the bond’s current yield?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...