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A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annually and has

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A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, what is the firm's current yield? Select one: O 12.00% 9.00% O 12.68% 10.00% 09.46% 1056970 page=5#question-3771936-16 Bi P] P3 R 22F 12:17 PM 12/8/2021

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