Question: Please include work, steps and formulas. A bond with a coupon rate of 5.85% is currently selling for $994. Find its Current Yield (C.Y.)

Please include work, steps and formulas.
Please include work, steps and formulas. A bond with a coupon rate

A bond with a coupon rate of 5.85% is currently selling for $994. Find its Current Yield (C.Y.)

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