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Corpstein Company bonds have a coupon rate of 8.5 percent, 24 years to maturity, and a current price of $1,193. The bond has a face

Corpstein Company bonds have a coupon rate of 8.5 percent, 24 years to maturity, and a current price of $1,193. The bond has a face value of $1,000. What is its percentage current yield?

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