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P11.8 (similar to) A bond is priced in the market at $1,160 and has a coupon of 12%. Calculate the bond's current yield. The bond's

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P11.8 (similar to) A bond is priced in the market at $1,160 and has a coupon of 12%. Calculate the bond's current yield. The bond's current yield is L196 (Round to two decimal places.)

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