Calculate the current yield over the next year

Reference no: EM131960734

Question: Consider a bond (same as previous question) with $1000 par value, 13 annual coupon payments remaining, coupon rate of 6.8 percent, and yield to maturity of 4.9 percent. Suppose an annual coupon payment has just been paid. Calculate the current yield over the next year.

Reference no: EM131960734

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