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The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity

The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity of 15.78 percent and they mature in 13 years. If the bonds have a face value of $5000 what is the current yield of the bond

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