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Bond Valuation: Fiorentina Corporation just issued a 10-year 13% annual coupon bonds with a par value of $1,000 for $1,170. [The bonds face value is
Bond Valuation:
Fiorentina Corporation just issued a 10-year 13% annual coupon bonds with a par value of $1,000 for $1,170. [The bonds face value is $1,000 while its issue price is $1,170].
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What is the bonds current yield?
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