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A $1,000 20-years bond that pays semi-annual coupons at a rate of 4.47% annually is currently priced to yield a yield to maturity of 8.17%.

A $1,000 20-years bond that pays semi-annual coupons at a rate of 4.47% annually is currently priced to yield a yield to maturity of 8.17%. The bond has 4 years left to maturity. Calculate an investor's current yield if he was to hold the bond for a full year and sell the bond at the end of the year

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