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Do the Math 14-6 Yield, Price, and YTM A corporate bond maturing in 15 years with a coupon rate of 7.9 percent was purchased for

Do the Math 14-6 Yield, Price, and YTM

A corporate bond maturing in 15 years with a coupon rate of 7.9 percent was purchased for $970 and it now selling for $1,000.

What is its current yield? Round your answer to one decimal place.

%

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