quantitative problem: ace products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.2% with semiannual payments of $36, and a par value of $1,000. the price of each bond in the issue is $1,170.00. the bond issue is callable in 5 years at a call price of $1,072. what is the bond's current yield? do not round intermediate calculations. round your answer to two decimal places. %
