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Bonds of Stalwart Development Corp. are quoted at a price of 105.7 and carry a 7.31% 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 105.7 and carry a 7.31% coupon. The bonds pay interest semi-annually and have a $1,000 par value. Assuming the bond has 15 years to maturity, find the current yield on the bond. 11.10% ? 3.46% ? 6.92% ? 5.55% 7.31%

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