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Kohls Corp. ' s 7 . 5 % coupon bonds maturing in 1 5 years traded yesterday at 9 5 6 . 7 7 .

Kohls Corp.

'

7.5 %

coupon bonds maturing in

15

years traded yesterday at

956.77 .

Assume semi

-

annual compounding.

What was the bond's Current Yield?

Always carry at least four decimal places throughout your analysis.

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