Question: onsider the table given below to answer the following question. Maturity Coupon Bid Price Asked Price Chg Asked Yield to Maturity (%) 15-02-2020 1.375 98.3281

onsider the table given below to answer the following question. Maturity Coupon Bid Price Asked Price Chg Asked Yield to Maturity (%) 15-02-2020 1.375 98.3281 98.3438 0.0078 2.228 15-02-2021 2.25 99.5781 99.5938 0.0313 2.391 15-02-2025 7.625 130.6719 130.6875 0.1094 2.770 15-02-2029 5.25 121.8516 121.9141 0.2344 2.908 15-02-2036 4.5 120.9063 120.9688 0.5313 2.986 15-02-2041 4.75 127.2422 127.3047 0.6641 3.084 15-02-2048 3 97.2656 97.2969 0.7266 3.140

a. What is the current yield of the 7.625% 2025 maturity bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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