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Determine the current yield on a corporate bond investment that has a face value of $1200 pays 10 percent. and has a current price of

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Determine the current yield on a corporate bond investment that has a face value of $1200 pays 10 percent. and has a current price of $ 1240. Convert your answer to a percent, then round to 1 decimal place (i.e. 1.3 2.4). Do not include the sign in your response. Your

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