Question: Problem 1 3 - 6 Current Yield Consider a bond with an 8 percent annual coupon and a maturity of 1 4 years. Supposed that

Problem 13-6 Current Yield
Consider a bond with an 8 percent annual coupon and a maturity of 14 years. Supposed that the face value of the bond is $1,000 and the bond is selling for 1,038. What would the current yield be on this bond?

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