A bond with a coupon rate of $7\mathrm{.}9\%($assume it is paid once annually$),$ maturing in $7$ years at a value of $$1,000$ and a current market price of $$880$ will have a current yield of

Note: Round your answer to $2$ decimal places.

Multiple Choice

$8\mathrm{.}98\%$

$9\mathrm{.}98\%$

$7\mathrm{.}98\%$

$9\mathrm{.}48\%$