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50 Suppose you read in The Wall Street Journal that a $1,000 par value, 2-year bond, with a annual coupon rate of 10% but pays
50 Suppose you read in The Wall Street Journal that a $1,000 par value, 2-year bond, with a annual coupon rate of 10% but pays interest semi-annually, is trading (quoted) at 89. What is the bond's current yield? (Round your answer to two decimal point) Next
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