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A bond that pays interest semiannually has a price of $ 9 6 2 . 6 2 and a semiannual coupon payment of $ 2

A bond that pays interest semiannually has a price of $

962.62

and a semiannual coupon payment of $

25.25 .

If the par value is $

1, 000,

what is the current yield?

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