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A 7 % , five - year bond is callable in two years at a call price of $ 2 , 0 0 0 .

7 %,

five

-

year bond is callable in two years at a call price of $

2, 000 .

The bond is currently priced in the market at $

1, 770 .

Assuming that the call value and the maturity value are the same, what is the issue

s current yield?

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