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Cathie Inc.s bonds currently sell for $1,250. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is

Cathie Inc.s bonds currently sell for $1,250. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield? Set your calculator to at least 4 decimal places.

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