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Abond matures in 10 years from now, has a coupon rate of 6.6%, a face value of $1000, and pays interest semiannually. The price of
Abond matures in 10 years from now, has a coupon rate of 6.6%, a face value of $1000, and pays interest semiannually. The price of the bond right now is $1,085.70, what is this bond's current yield? HINT: The formula for this is found in section 16.2 and uses annual interest payments. Answer in percent and basis points: ie. if your answer is 6.78%, then put 6.78, not 0.678
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