Question: Connect Only Problem 7-7 Current Yield (LG7-6) What's the current yield of a 4.70 percent coupon corporate bond quoted at a price of 96.28 ?

Connect Only Problem 7-7 Current Yield (LG7-6) What's the current yield of a 4.70 percent coupon corporate bond quoted at a price of 96.28 ? Note: Round your answer to 2 decimal places

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