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Heath Foods's bonds have 6 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 9% coupon rate. What is their current yield? Round your answer to two decimal places.

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Elin Hessel
Elin HesselLv2
28 Sep 2019

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Yield to Maturity and Call with Semiannual Payments

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