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A 10-year, 6.25% semiannual coupon bond with a par value of $1000 of the Jay Wright Company may be called in four years at a

A 10-year, 6.25% semiannual coupon bond with a par value of $1000 of the Jay Wright Company may be called in four years at a call price of $1,060. The bond sells for $1,200. What is the bonds current yield?

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