What was the current yield of the bond six months


Six months ago, a bond had a coupon rate of 10.8 percent, par value of $1000, YTM of 9.1 percent, and semi-annual coupons. Today, the bond’s price is 976.12 and the bond has 11 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: What was the current yield of the bond six months
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