Question: Check My Work (1 remaining) 4-6: Bond Yields Problem 4-3 Current Yield for Annual Payments Heath Foods' bonds have 10 years remaining to maturity. The

 Check My Work (1 remaining) 4-6: Bond Yields Problem 4-3 Current

Check My Work (1 remaining) 4-6: Bond Yields Problem 4-3 Current Yield for Annual Payments Heath Foods' bonds have 10 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 9%. They pay interest annually and have a 12% coupon rate. What is their current yield? Round your answer to two decimal places. %

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