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Suppose that you purchased a Baa rated $1000 annual coupon bond with an 4.5 % coupon rate and a 24-year maturity at 3 % below

Suppose that you purchased a Baa rated $1000 annual coupon bond with an 4.5 % coupon rate and a 24-year maturity at 3 % below par value. What would the current yield (in %) be at time of purchase (4 digits)?

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