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Question 2 (5 points) Your firm has bonds outstanding with fifteen years until maturity. The bonds make semiannual interest payments and pay an 8% coupon

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Question 2 (5 points) Your firm has bonds outstanding with fifteen years until maturity. The bonds make semiannual interest payments and pay an 8% coupon rate. The bond have a 7% yield to maturity and a $1,000 par value. What is the bond's current yield? Please make sure to enter your answer in the appropriate form. For example, an answer in dollars should be entered as $1,101.555, and an answer in percent form should be entered as 5.000% or 5.770%

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