A 3.1% coupon bond with 5 years to maturity and a par value of $1,000 is currently selling for $1085.40. What is the bo

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answerhappygod
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A 3.1% coupon bond with 5 years to maturity and a par value of $1,000 is currently selling for $1085.40. What is the bo

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A 3.1% coupon bond with 5 years to maturity and a par value of
$1,000 is currently selling for $1085.40. What is the bond's
current yield? Submit your final answer as a percentage
rounded to two decimal places.
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