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

A 8.6% annual coupon, 18-year bond has a yield to maturity of 7.97%. 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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