What is the current yield for a bond with a current price of $1,200, a face...
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What is the current yield for a bond with a current price of $1,200, a face value of $1,600, and a coupon rate of 5%? Round your answer to the nearest tenth. What is the current yield for a bond with a current price of $1,200, a face value of $1,600, and a coupon rate of 5%? Round your answer to the nearest tenth.
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