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Find the Current Yield for a coupon bond with 10 years left to maturity that pays annual coupons with a coupon rate of 12%, and
Find the Current Yield for a coupon bond with 10 years left to maturity that pays annual coupons with a coupon rate of 12%, and current price of $893.23. Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimals ######.## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number
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