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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 26 years, the coupon rate is 9% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 26 years, the coupon rate is 9% paid annually, and the market yield (discount rate) is 15%.
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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