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ABC Co. has a bond with $1,000 par value and 7% coupon rate. The bond is currently sold in market at $860. This bond's current
ABC Co. has a bond with $1,000 par value and 7% coupon rate. The bond is currently sold in market at $860. This bond's current yield is %. ( Round your answer to two decimal places in a percentage. For example: if answer is 2.22%, you should only put the decimal: 2.22 in the answer box, and leave out \%) (hint: firstly calcul: the interest payment per year and then use it to calculate current yield) Use an attachment to show your work IF you want earn partial credit. Your
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