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(Current yield) Assume you have a bond with a semi-annual interest payment of $60 a par value of $1,000 and a current market price of

(Current yield)

Assume you have a bond with a semi-annual interest payment of $60 a par value of $1,000 and a current market price of $820.

What is the current yield of the bond?

The current yield of the bond is ___%.

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