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A bond with a coupon rate of 8.3% (assume it is paid once annually), maturing in 12 years at a value of $1,000 and

A bond with a coupon rate of 8.3% (assume it is paid once annually), maturing in 12 years at a value of $1,000 and a current market price of $720 will have a current yield of (Round your answer to 2 decimal places.) 11.53% 12.53% 10.53% 12.03%

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