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What is the current yield of a bond featuring: Face Value is $1,000 Coupon Rate is 8% Time to Maturity is 5 years Current Price
What is the current yield of a bond featuring:
Face Value is $1,000 Coupon Rate is 8% Time to Maturity is 5 years Current Price is $1,056
Enter your answer as a percentage rounded to 2 decimal places.
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