Question $5$

$5$ pts

Suppose you read in The Wall Street Journal that a $$1,000$ par value, $5$ year bond, with a annual coupon rate of $5\%$ but pays interest semi$-$annually, is trading $($quoted$)$ at $$95.$ What is the bond's current yield? $($Round your answer to two decimal point$)$

Question $6$

$5$ pts

Suppose you bought a $$1,000,2$ year bond which pays $$58$ interest every $6$ months $($semi$-$annual interest$),$ if the current price of the bond is $$875,$ what is the current yield of the bond? $($Round your answer to two decimal point$)$