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Suppose you bought a $1,000, 9 year bond which pays $49 interest every 6 months (semi-annual interest), if the current price of the bond is
Suppose you bought a $1,000, 9 year bond which pays $49 interest every 6 months (semi-annual interest), if the current price of the bond is $852, what is the current yield of the bond? (Round your answer to two decimal point)
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