Question: Question 48 (1 point) Consider a 5% coupon bond with face value of $1000 that matures 14 years from now. The bond's YTM is 7%

Question 48 (1 point) Consider a 5% coupon bond with face value of $1000 that matures 14 years from now. The bond's YTM is 7% and its current price is $825.09. Coupons are paid annually. Find the current yield for this bond during the first year. Round your answer to the nearest percent 0% 1% 2% 3% 4% 5% 6% 7%

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