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Posted on Jul 29, 2024

A coupon bond that pays interest of $ 5 5 . 2 6 annually has a par value of $ 1 , 0 0 0

A coupon bond that pays interest of $

55.26

annually has a par value of $

1, 000,

matures in

10

years, and is selling today at a $

66.25

discount from par value. What is the current yield on this bond?

Enter answer in percents.

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