What is the current yield for a bond that has a coupon rate of 5.5% paid annually, a par value of $1000, and 9 years to maturity? Investors require a return of 5.9% from the bond. (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 ) Answer: What is the current yield on a zero coupon bond with a remaining life of 8 years, a yield to maturity of 8.9%, and a par value of $1000 ? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)