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Mitra Enterprises' bonds currently sell for $ 1 , 1 5 0 . They have a 6 - y year maturity, an annual coupon of

Mitra Enterprises' bonds currently sell for $

1, 150 .

They have a

6 - y

year maturity, an annual coupon of $

80,

and a par value of $

1, 000 .

What is their current yield?

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