The bonds price is 93917 and the bond has 9 years until


Six months ago, a bond had a coupon rate of 7.24 percent, par value of $1000, YTM of 4.98 percent, and semi-annual coupons. Today, the bond’s price is 939.17 and the bond has 9 years until maturity. What was the current yield of the bond six months ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Financial Management: The bonds price is 93917 and the bond has 9 years until
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