Garvin Enterprises' bonds currently sell for $1,175.They have a 6-year maturity, an annual coupon of $95, and
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Garvin Enterprises' bonds currently sell for $1,175.They have a 6-year maturity, an annual coupon of $95, and a par value of $1,000.What is their current yield?Enter your answer rounded to two decimal places.Do not enter % in the answer box.For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
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