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As with most bonds, consider a bond with a face value of $ 1 , 0 0 0 . The bond's maturity is 1 1

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 11 years, the coupon rate is 12% paid annually, and the market yield (discount rate) is 20%.
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%,

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