Calculate the Annual Interest and Current Yield for the Bond

question 143

Short Answer

Calculate the annual interest and current yield for the bond, rounding decimals to hundredths and percents to the nearest tenth. $$\begin{array} { l l l l l } & \text { Coupon } & \text { Annual } & \text { Market } & \text { Current } \\\text { Company } & \text { Rate } & \underline { \text { Interest } } & \underline { \text { Price } } & \text { Yield } \\\text { King Corp. } & 7.375 & & 86.125 &\end{array}$$