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The Trading Depot has $1,000 face value bonds outstanding with a market price of $980. The bonds pay interest annually, mature in 8 years, and

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The Trading Depot has $1,000 face value bonds outstanding with a market price of \$980. The bonds pay interest annually, mature in 8 years, and have a yield to maturity of 7.339 percent. What is the current yield? (Hint: First, find the annual coupon amount based on the PMT button. Second, use the formula "current yield = innual coupon/price" to find the answer.)

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