What's the current yield of a 5.2 percent coupon corporate bond quoted at a price of 96.78?

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What's the current yield of a 5.2 percent coupon corporate bond quoted at a price of 96.78?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...
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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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