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Consider a 26 -year bond with 6 percent annual coupon payments. The market rate (YTM) is 8.6 percent for this bond. The current yield of

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Consider a 26 -year bond with 6 percent annual coupon payments. The market rate (YTM) is 8.6 percent for this bond. The current yield of the bond is percent. Answer it in percentage without the \% sign, and round it to two decimal place, e.g., 5.69 . Your

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