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Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually . There are 2 years remaining until maturity. What

Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10%? Assume simple compounding.

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