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A bond has a face value of $1 comma 200 and a 5% coupon rate, its current price is $1 comma 140, and it is
A bond has a face value of $1 comma 200 and a 5% coupon rate, its current price is $1 comma 140, and it is expected to increase to $1 comma 150 next year. The current yield is? (Enter your response rounded to one decimal place.)
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