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A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 years.

A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 years. Calculate the current yield. (Provide your answer as a percentage).
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A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 yoars. Calculate the current yield. (Provide your answer as a percentage)

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