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Bonds of Stalwart Development Corp. are quoted at a price of 107.7 and carry a 6.05% coupon. The bonds pay interest semi-annually and have a

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Bonds of Stalwart Development Corp. are quoted at a price of 107.7 and carry a 6.05% coupon. The bonds pay interest semi-annually and have a $1 000 par value. Assuming the bond has 28 years to maturity, find the current yield on the bond. 6.32% 2.81% 12.64% 5.62% 6.05%

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