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Suppose XYZ Company issues $500,000 new bonds that each have a maturity of 15 years, a face value of $2,000, and are priced at 86.725%

Suppose XYZ Company issues $500,000 new bonds that each have a maturity of 15 years, a face value of $2,000, and are priced at 86.725% of par. If these bonds are issued with a 6% coupon rate, then what is their current yield?

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