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Six months ago, a bond had a coupon rate of 10.22 percent, par value of $1000, YTM of 7.08 percent, and semi-annual coupons. Today, the
Six months ago, a bond had a coupon rate of 10.22 percent, par value of $1000, YTM of 7.08 percent, and semi-annual coupons. Today, the bonds price is 991.97 and the bond has 8 years until maturity. What was the current yield of the bond six months ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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