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Current Yield for Annual Payments Heath Food Corporation's bonds have 13 years remaining to maturity. The bonds have a face value of $1,000 and a

Current Yield for Annual Payments

Heath Food Corporation's bonds have 13 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 7%. They pay interest annually and have a 8% coupon rate. What is their current yield? Round your answer to two decimal places.

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