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Bond A has the following features: Face value = $1,000, Coupon Rate = 5%, Maturity = 10 years, Yearly coupons The market interest rate is
Bond A has the following features:
Face value = $1,000,
Coupon Rate = 5%,
Maturity = 10 years, Yearly coupons
The market interest rate is 6.30%
What is the current yield for bond A from today to year 1?
Calculate your answer to 2 decimal places (e.g., 5.23)
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