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3 A 15-year bond has a coupon rate of 4 percent, a $1,000 par value, matures in 4 years, has a price of $1,085.30, and

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3 A 15-year bond has a coupon rate of 4 percent, a $1,000 par value, matures in 4 years, has a price of $1,085.30, and pays interest semiannually. What is the current yield? 5 points Multiple Choice Skipped O 1.78% 3.69% O O 1.64% 0.89% O O 1.84%

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