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1. Consider a 16-year bond with 13 percent annual coupon payments. The market rate (YTM) is 8.2 percent for this bond. The current yield of
1. Consider a 16-year bond with 13 percent annual coupon payments. The market rate (YTM) is 8.2 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 places.
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