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A bond has a face value of $1,200 and an 8% coupon rate, its current price is $1,140, and it is expected to increase to
A bond has a face value of $1,200 and an 8% coupon rate, its current price is $1,140, and it is expected to increase to $1,160 next year. The current yield is %. (Enter your response rounded to one decimal place.)
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