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Cotey Comet Company has a bond issue with a coupon rate of 8.0 percent that matures in 16 years. The bonds have a par value

Cotey Comet Company has a bond issue with a coupon rate of 8.0 percent that matures in 16 years. The bonds have a par value of $1,000 and a market price of $1,158.76, Interest is compounded semi-annually. What is the Current Yield?

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