Question $12$

$2\mathrm{.}5$ pts

A bond with a $3\mathrm{.}8\%$ coupon yield purchased at par value. The bond is currently selling at $$900.$ What is the bond current yield?

$5\mathrm{.}3\%$

$9\mathrm{.}0\%$

$4\mathrm{.}2\%$

$3\mathrm{.}7\%$