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End-of-Chapter Exercise 24 Question Help A bond has a face value of $1,100 and an 8% coupon rate, its current price is S 1,040, and

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End-of-Chapter Exercise 24 Question Help A bond has a face value of $1,100 and an 8% coupon rate, its current price is S 1,040, and it is expected to increase to S 1,050 next year. The current yield is ]% (Enter your response rounded to one decimal place) Enter your answer in the answer box and then click Check

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