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A(n) 11.8%, 20-year bond is callable in two years at a call price of $1,050. The bond is currently priced in the market at $715.92.

A(n) 11.8%, 20-year bond is callable in two years at a call price of $1,050. The bond is currently priced in the market at $715.92. What is the issue's current yield?

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