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A 30-year semi-annual coupon bond, that was issued 23 years ago, is currently selling for $1197.86. It has a face value of $1000 and a

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A 30-year semi-annual coupon bond, that was issued 23 years ago, is currently selling for $1197.86. It has a face value of $1000 and a YTM of 10.5883%. Compute the current yield. 1. 5.53% 2. 7.30% 3. Impossible to compute if the coupon rate is not given 4. 12.24%

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