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The firm has a bond issue outstanding with 20 years to maturity and a coupon rate of 4.8 percent, with interest being paid semiannually. The

The firm has a bond issue outstanding with 20 years to maturity and a coupon rate of 4.8 percent, with interest being paid semiannually. The required rate on this debt has now risen to 10 percent. What is the current yield?

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