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A bond has a face value of $ 1 , 1 0 0 and a 5 % coupon rate, its current price is $ 1

A bond has a face value of $1,100 and a 5% coupon rate, its current price is $1,040, and it is
expected to increase to $1,060 next year.
The current yield is
%.(Enter your response rounded to one decimal place.)
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