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Pelzer Printing Inc. has bonds outstanding with 1 1 years left to maturity. The bonds have an 8 % annual coupon rate and were issued
Pelzer Printing Inc. has bonds outstanding with years left to maturity. The bonds have an annual coupon rate and were issued year ago at their par value of $ However, due to changes in interest rates, the bond's market price has fallen to $ The capital gains yield last year was For the coming year, what is the expected current yield?
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