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A 7.18% annual coupon, 8-year bond has a yield to maturity of 7.99%. Assuming the par value is $1,000 and the VTM is expected not

A 7.18% annual coupon, 8-year bond has a yield to maturity of 7.99%. Assuming the par value is $1,000 and the VTM 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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