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Suppose you paid $1,138.09 for a corporate bond that has a 16.25% coupon rate. What is the current yield? Assume that the par value of

Suppose you paid $1,138.09 for a corporate bond that has a 16.25% coupon rate. What is the current yield? Assume that the par value of the bond is $1,000.

Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

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