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Blackwell bonds have a face value of $1,000 and are currently quoted at 98.375% of par. The bonds have a 5% coupon rate. What is

Blackwell bonds have a face value of $1,000 and are currently quoted at 98.375% of par. The bonds have a 5% coupon rate. What is the current yield on these bonds?

PLEASE TRY TO BE A SIMPLE AS POSSIBLE, preferably using excel!

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