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How do I do this using a financial calculator? Colette and Romy Inc. bonds have a face value of $1,000 and are currently quoted at

How do I do this using a financial calculator?

Colette and Romy Inc. bonds have a face value of $1,000 and are currently quoted at 97.725. The coupon rate for these bonds is 8 percent. What is the current yield on these bonds?

  1. 8.63%
  2. 8.00%
  3. 8.19%
  4. 9.77%
  5. 9.14%

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