Calculate the current bond yield for a bond that has a close of 108.633 and a coupon

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Calculate the current bond yield for a bond that has a close of 108.633 and a coupon of 6.800%?
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...
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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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