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4.Consider a bond with the following characteristics today (Year 0): Face Value=$1000 Coupon Rate=3% Interest Rate=10% Time to maturity=15 years What is the current yield

4.Consider a bond with the following characteristics today (Year 0):

Face Value=$1000

Coupon Rate=3%

Interest Rate=10%

Time to maturity=15 years

What is the current yield in Year 2?

(When typing your answer, type the actual % value. For example, "17.1"; NOT "0.171" or "17.1%")

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