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Bonds issued by XYZ Company have a par value of $1000, were priced at $962 one year ago, and are priced at $939 today. The
Bonds issued by XYZ Company have a par value of $1000, were priced at $962 one year ago, and are priced at $939 today. The bonds pay annual coupons and just made a coupon payment. If the bonds had a percentage return over the past year (from 1 year ago to today) of 11.5%, then what is the current yield of the bonds today?
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