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Consider a 26-year bond with 9 percent annual coupon payments. The market rate (YTM) is 7.2 percent for this bond. The current yield of the
Consider a 26-year bond with 9 percent annual coupon payments. The market rate (YTM) is 7.2 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.
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