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you just purchased a 5-year annual-interest coupon bond at a price of $1059 the coupon rate for the bond is 6% and its par value
you just purchased a 5-year annual-interest coupon bond at a price of $1059 the coupon rate for the bond is 6% and its par value is $1000. The yiled to maturity is 4.65%. how uch is the current yield of the bond?
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