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Posted on Jul 31, 2024

A 7 . 8 6 % annual coupon, 1 1 - year bond has a yield to maturity of 9 . 2 4 % Assuming

7.86 %

annual coupon,

11 -

year bond has a yield to maturity of

9.24 %

Assuming the par value is $

1, 000

and the YTM is expected not to change over the next year, what is the expected Current Yield for this bond? Please share your answer as a

% .

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