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Do the following problem reflecting the whole procedure. A 8% annual coupon bond pays an annual interest and has a $1,000 par value. This bond

Do the following problem reflecting the whole procedure.

A 8% annual coupon bond pays an annual interest and has a $1,000 par value. This bond is currently trading for $1,250 (its value today). This bond has a current yield of ______ percent.

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