[Solved] Sean Corporation's bonds carry a 7 % coup

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Sean Corporation's bonds carry a 7 % coupon rate, pay coupons semiannually, and mature in 2 years. Similar bonds have a yield of 6 %

Sean Corporation's bonds carry a

7 %

coupon rate, pay coupons semiannually, and mature in

2

years. Similar bonds have a yield of

6 % .

What is the CURRENT YIELD for Sean Corporation's bonds?

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