Use the following Scenario to answer Part $($d$)$

$($d$)$ Assume that there is coupon bond that matures in $8$ years and pays $$1000$ at maturity. Suppose that the bond has a coupon rate of $5\mathrm{.}7\%$ and it makes an annual coupon payment. If the yield$-$to$-$maturity $($YTM$)$ is equal to $4\mathrm{.}5\%$ what is the current yield of the coupon bond? $[6$ Points$]$