Suppose you read in The Wall Street Journal that a $1,000 par value, 6 year bond, with a annual coupon rate of 5% but pa
Posted: Wed Jul 06, 2022 6:27 pm
Suppose you read in The Wall Street Journal that a $1,000 par value, 6 year bond, with a annual coupon rate of 5% but pays interest semi-annually, is trading (quoted) at $96. What is the bond's current yield? (Round your answer to two decimal point)