Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 9) ACME Printing Inc has bonds outstanding with

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

9) ACME Printing Inc has bonds outstanding with 12 years left to maturity. The bonds have a 6% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bonds market price has fallen to $875.5. For the coming year, what is the expected current yield?

6.05%

6.85%

7.56%

7.22%

6.55%

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