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South African Airlines are selling bonds to the public which offer a coupon rate of 14.8%, which is paid semi- annually. These bonds have a
South African Airlines are selling bonds to the public which offer a coupon rate of 14.8%, which is paid semi- annually. These bonds have a Par value of R1000.00 and currently sell for R931.34. What is the Current Yield on these bonds? Provide your answer in percent (%), correct to TWO decimal places. However, do not write the sign (%) only write down the value and do not leave any spaces between numbers
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