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please show the work. Question 1 (1 point) For a bond selling for $616, with a par value of $1,000 and a coupon rate of

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please show the work.

Question 1 (1 point) For a bond selling for $616, with a par value of $1,000 and a coupon rate of 8.81 percent, the current yield is__ Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your

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