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Pacific Lumber Corp. issued a 20-year bond 5 years ago. That bond has a coupon rate of 8% and a par value of $1,000. If

Pacific Lumber Corp. issued a 20-year bond 5 years ago. That bond has a coupon rate of 8% and a par value of $1,000. If the interest rate (i.e. the yield-to-maturity) on the bond is 10%, what is the current yield on the bond?

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