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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 15 years, the coupon rate is 12% paid

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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 15 years, the coupon rate is 12% paid annually, and the market yield (discount rate) is 10%. What is the bond's Current Yield? Enter your answer as a percentage, without the ' % ' sign, and rounded to one decimal. For example, if your answer is 0.031416 , which is equivalent to 3.1416%, just enter 3.1

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