Question: Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer

Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer this and break it down so I can follow the logic and see where I'm going wrong with these problems.

Hello, this is a practice problem for a class I'm struggling with.

Suppose that today, the current yield for a corporate bond is 5.6%. If the market price will go down by 22% tomorrow, compute the current yield after the decrease. Round your answer to the nearest tenth of a percent

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