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The 9%, 15-year bonds of Yoga Corp. were issued 9 years ago. The bonds have a face value of $1,000 and a yield to maturity
The 9%, 15-year bonds of Yoga Corp. were issued 9 years ago. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually. Calculate their current yield (CY) for the next year.
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