A bond that matures in 8 years has a coupon rate of 3.0 percent and pays interest twice a year. The bond has a yield to maturity of 6.5 percent and a par value of $1,000. What is the bonds current yield?

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A bond that matures in 8 years has a coupon rate of 3.0 percent and pays interest twice a year. The bond has a yield to maturity of 6.5 percent and a par value of $1,000. What is the bond's current yield? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW YOUR N 1 PV PMT FV BELOW. ALSO, YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS YOU USED TO ARRIVE AT THAT