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Bonds issued by Bianca Time have a par value of $1000, were priced at $962 six months ago, and are priced at $865 today. The
Bonds issued by Bianca Time have a par value of $1000, were priced at $962 six months ago, and are priced at $865 today. The bonds pay semi-annual coupons and just made a coupon payment. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of -5.70%, then what is the current yield of the bonds today? Answer as a rate in decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098
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