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BNK bonds have a face value of $1,000 and are currently quoted at 103.8.The bonds have a 5% coupon rate.The bond will mature in 12

BNK bonds have a face value of $1,000 and are currently quoted at 103.8.The bonds have a 5% coupon rate.The bond will mature in 12 years.What is the current yield on these bonds?

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