Homework: Chapter 4 Homework Save Score: 0 of 1 pt

Homework: Chapter 4 Homework Save Score: O of 1 pt v WScore: 46.67%, 7 of 15 pt 11 of 15 (8 complete) X End-of-Chapter Exercise 24 Question Help A bond has a face value of $1 ,200 and a 5% coupon rate, its current price is $1 , 140, and it is expected to increase to $1 , 150 next year. The current yield is %. (Enter your response rounded to one decimal place.)