$\mathrm{}$Firm X has $6\mathrm{.}37$ percent coupon bonds on the market with $13$ years to maturity. The bonds make semiannual payments and currently sell for $102\mathrm{.}63$ percent of par. What is the current yield on X$\text{'}$s bonds? Answer in percent to two decimals. 

Answer rating: 100% (QA)

To calculate the current yield on Firm Xs bonds we need to divide the annual coupon payment by the c... View the full answer