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You paid $1,176 for a corporate bond that has a 4.22% coupon rate. What is the current yield? Assume par value = $1,000 Note: Enter

You paid $1,176 for a corporate bond that has a 4.22% coupon rate. What is the current yield? Assume par value = $1,000 Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box

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