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18. Jaeger, Inc bonds have a 9.48% coupon rate with semi-annual coupon payments. They have 13 years to maturity and par value of $1000. What

18. Jaeger, Inc bonds have a 9.48% coupon rate with semi-annual coupon payments. They have 13 years to maturity and par value of $1000. What is the current yield of the bond if the bond is selling at a market price of $963.16? submit your answer as a percentage and round to two decimal places

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