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What is the current yield for a $1,000 par value bond that pays interest semiannually, has 11 years to maturity, and is currently selling for
What is the current yield for a $1,000 par value bond that pays interest semiannually, has 11 years to maturity, and is currently selling for $993.71 with a bond equivalent yield of 11%?
The current yield is %. (Round to two decimal places.)
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