What’s the current yield of a 6.50 percent coupon corporate bond quoted at a price of 98.65? (Round your answer to 1 decimal place.)

What’s the current yield of a 6.50 percent coupon corporate bond quoted at a price of 98.65? (Round your answer to 1 decimal place.)

 

6.50% ÷ 98.65% = .06589 = 6.6%

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