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4.C.49 Calculate the current yield on the described bond. A $1000 Treasury bond with a coupon rate of 4.4% that has a market value of

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4.C.49 Calculate the current yield on the described bond. A $1000 Treasury bond with a coupon rate of 4.4% that has a market value of $950 The current yield is %. (Round to two decimal places as needed.)

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