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A(n) 11.3%, 20-year bond is callable in two years at a call price of $1,070. The bond is currently priced in the market at $1,027.14.

A(n) 11.3%, 20-year bond is callable in two years at a call price of $1,070. The bond is currently priced in the market at $1,027.14. What is the issue's current yield?

The issue's current yield is ___ %.

(Round to two decimal places.)

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