Bonds issued by Oxygen Optimization were priced at 889.1 dollars 6 months ago. The bonds pay semi-annual coupons, have a coupon rate of 7.24 percent, just made a coupon payment, and have a face value of 1,000 dollars.
If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of -4.02 percent, then what is the current yield of the bonds today? Answer as a rate in a decimal format so that 12.34% would be entered as. 1234 and 0.98% would be entered as 0098. Get Finance homework help today