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#12 A bond trades today at $917.00, and pays an annual coupon of $77.75. What is the current yield on the bond if purchased today?

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#12 A bond trades today at $917.00, and pays an annual coupon of $77.75. What is the current yield on the bond if purchased today? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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