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The following information from the close of trading on November 24, 2010 is for an IBM bond with a face value of $1,000 and a

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The following information from the close of trading on November 24, 2010 is for an IBM bond with a face value of $1,000 and a maturity date of June 15, 2013: Coupon rate: 7.5% Price: $1,158 Yield to maturity: 1.22% The bond's current yield was %. Round your response to two decimal places

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