consider a 8.5 percent semiannual coupon bond with a par value of $1,000 that sells for $990 and has 3 years left to maturity, calculate the current yield. A. 8.89 percent B. 8.59 percent C. 8.50 percent D. 4.29 percent E. 4.25 percent

consider a 8.5 percent semiannual coupon bond with a par value of $1,000 that sells for $990 and has 3 years left to maturity, calculate the current yield. A. 8.89 percent B. 8.59 percent C. 8.50 percent D. 4.29 percent E. 4.25 percent