Question: Compute the current yield on a bond with a yield to maturity of 1 1 . 3 % , a par value of $ 1

Compute the current yield on a bond with a yield to maturity of 11.3%, a par value of $1000, a coupon rate of 8.1% paid semi-annually, a remaining life of 23 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:
 Compute the current yield on a bond with a yield to

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