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The Boston Clothing Co. has $1,000 face value stock outstanding with a market price of $1,012. The stock pays interest annually, matures in 12 years,

The Boston Clothing Co. has $1,000 face value stock outstanding with a market price of $1,012. The stock pays interest annually, matures in 12 years, and has a yield to maturity of 7.842 percent. What is the current yield

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