1). On December 31, 2014, Abbott, Inc. issued $120 million in bonds with a 20 year maturity. The bonds have a $1,000 par value, 7.70% coupon rate, and pay interest annually. At origination, the bonds sold at par. Since origination, the yield to maturity on Abbott's bonds has hovered between a low of 6.35% and a high of 10.30%, they currently have a yield to maturity of 8.40%. It is now December 31, 2020, what is the Current Yield on Abbott, Inc.'s bonds?