Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 25 years, the coupon rate is 9% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 25 years, the coupon rate is 9% paid annually, and the discount rate is 3% What is the bond's Current Yield? Enter your answer as a percentage, without the '%' sign, and rounded to one decimal. For example, if your answer is 0.031416, which is equivalent to 3.1416%, just enter 3.1

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