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A bond with a face value of $1,000 has 14 years until maturity, carries a coupon rate of 7.6%, and sells for $1,089. a. What

A bond with a face value of $1,000 has 14 years until maturity, carries a coupon rate of 7.6%, and sells for $1,089.

a.What is the current yield on the bond?(Enter your answer as a percent rounded to 2 decimal places.)

Current yield%

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