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An investor pays $856 for a bond with semiannual payment. The bond has an annual coupon rate of 5 % and face value of $1000.
An investor pays $856 for a bond with semiannual payment. The bond has an annual coupon rate of 5 % and face value of $1000. It has four years to maturity. The current yield on this bond is ____%. Keep two decimal places, input 1.23 for 0.0123
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