36 Bonds Issued By Oxygen Optimization Were Priced At 1 104 56 Dollars 6 Months Ago 2459001

36. Bonds issued by Oxygen Optimization were priced at 1,104.56 dollars 6 months ago. The bonds pay semi-annual coupons, have a coupon rate of 4.24 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 3.72 percent, then what is the current yield of the bonds today? 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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