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The R2D2 Robotics Company has five million dollars worth of bonds outstanding, each of which has a face value of $1,000. The bonds have a
The R2D2 Robotics Company has five million dollars worth of bonds outstanding, each of which has a face value of $1,000. The bonds have a coupon rate of 6.2%, generating payments every six months for the next 20 years until they mature. If the next best bonds of C3PO Communications Inc. have a yield-to-maturity of 7.4%, what is the current yield on the R2D2 bonds?
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