Question: Compute the current yield on a bond with a yield to maturity of 10.5%, a par value of $1000, a coupon rate of 3.6%

Compute the current yield on a bond with a yield to maturity of 10.5%, a par value of $1000, a coupon rate of 3.6% paid semi- annually, a remaining life of 22 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer: I Check

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