Consider a 16year bond with 10 percent annual coupon payment

Consider a 16-year bond with 10 percent annual coupon payments. The market rate (YTM) is 7.5 percent for this bond. The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal place, e.g., 5.69.

FV = 1000, N = 16, PMT = 100, rate = 7.5%

use PV function in Excel