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Last year, Betty Howard purchased a $1000 Tempo Steel corporate bond with an annual interest rate of 8.25% The bond's current market price is $770

Last year, Betty Howard purchased a $1000 Tempo Steel corporate bond with an annual interest rate of 8.25% The bond's current market price is $770 Calculate the following. If necessary, round all answers to two decimal places.

1. Annual interest:
2. Current yield:

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