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An investor pays $1,092 for a bond. The bond has an annual coupon rate of 9%. What is the current yield on this bond? Hint:

An investor pays $1,092 for a bond. The bond has an annual coupon rate of 9%. What is the current yield on this bond?

Hint: The Face Value of this Bond is $1,000.00

State your answer as percentage and not decimal

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