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Settlement date: 1/1/2005 Maturity date: 1/1/2009 Annual coupon rate: 8.5% Coupons per year: 2 Face value: 100 Bond price: 96 Calculate current yield.

Settlement date: 1/1/2005

Maturity date: 1/1/2009

Annual coupon rate: 8.5%

Coupons per year: 2

Face value: 100

Bond price: 96

Calculate current yield.

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