An investor pays

$951

for a bond. The bond has a Face Value of

$1,000.00

and an annual coupon rate of

5%

. What is the current yield on this bond?\ Please express the result as percentage (i.e. 5.21 and not 0.0521 ) and do not include the % symbol.\ Please round to the nearest two decimals.

An investor pays $951 for a bond. The bond has a Face Value of $1,000.00 and an annual coupon rate of 5%. What is the current yield on this bond? Please express the result as percentage (i.e. 5.21 and not 0.0521 ) and do not include the \% symbol. Please round to the nearest two decimals