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The bonds of A&R, Inc. are currently priced at $869.34 and have a 11.38 percent coupon. The bonds pay interest annually and mature in 12

The bonds of A&R, Inc. are currently priced at $869.34 and have a 11.38 percent coupon. The bonds pay interest annually and mature in 12 years . What is the current yield, in percentage, on these bonds?

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