Don't put percent sign (%) into the blank and show the final answer only. Eg....
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Finance
- Don't put percent sign (%) into the blank and show the final answer only. Eg. If your answer is 13.6%, please only put 13.6 into the blank
- Don't show any supporting work in the blank.
Consider a $1,000 par value bond with a 7.8 percent annual coupon. The bond pays interest annually. There are 9 years remaining until maturity. Assuming that the required return on the bond is 10 percent, the current yield on the bond is ____________ %
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