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The Procter & Gamble Company offers a bond which pays a coupon of 11 percent with semiannual payments. The bonds have a yield to maturity

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The Procter \& Gamble Company offers a bond which pays a coupon of 11 percent with semiannual payments. The bonds have a yield to maturity of 7.78 percent and they mature in 13 years. If the bonds have a face value of $5,000 what is the current yield of the bond? 17.45% 8.73% 4.36% 11.00% 7.78%

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