Answer:
7.14%
Explanation:
Calculation for the current yield of a bond
Current yield = (6%×$1,000) / (0.84 × $1,000)
Current yield = $60 / (0.84 × $1,000)
Current yield = $60 / $840
Current yield = 0.0714*100
Current yield =7.14%
Therefore the Current yield will be 7.14%