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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 30 years, the coupon rate is 3% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 30 years, the coupon rate is 3% paid annually, and the discount rate is 16%.
What is the bond's Current Yield?
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