Question: Question 6 (2 points) A bond with a 8% annual coupon matures in 5 years and has a price of $1,097. Compute the current yield

Question 6 (2 points)

A bond with a 8% annual coupon matures in 5 years and has a price of $1,097. Compute the current yield for this bond. Show your answer in percent to 1 decimal place (i.e. xx.y).

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