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The current market price of a bond with a $1,000 par value is $1075.71. The bond has exactly 25 years remaining until maturity and offers
The current market price of a bond with a $1,000 par value is $1075.71. The bond has exactly 25 years remaining until maturity and offers a coupon rate of 9.9% with interest paid semiannually. What is the bonds current yield? Enter your answer as a decimal out to four decimal places.
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