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Homework Question #17 Suppose that you purchased a Baa-rated $1000 annual coupon bond with a 4.1 % coupon rate and a 12-year maturity at 5

Homework Question #17

Suppose that you purchased a Baa-rated $1000 annual coupon bond with a 4.1 % coupon rate and a 12-year maturity at 5 % above par value. What would the current yield (in %) be at the time of purchase (4 digits)?

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