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A bond matures in 5 years and with a coupon rate of 6 percent. Coupons are paid semi-annually. The bond has a face value of
A bond matures in 5 years and with a coupon rate of 6 percent. Coupons are paid semi-annually. The bond has a face value of $1,000 and currently sells for $827.61. What is the bonds current yield (enter answer as a percentage)?
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