A certain bond has a current yield of 6.5% and a market price of $846.15. What is

Question:

A certain bond has a current yield of 6.5% and a market price of $846.15. What is the bond’s rate?
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...