The bond pays a semi-annual coupon of 56 and a maturity of, Financial Management

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The bond pays a semi-annual coupon of 56 and a maturity of

ABC has issued a $1000 par bond with 15 years to maturity. The bond is currently quoted at 114.8% of par value. The bond pays a semi-annual coupon of $56, and a maturity of five years. What is the current yield?

Enter your answer as a percentage rounded off to TWO decimal points.

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Financial Management: The bond pays a semi-annual coupon of 56 and a maturity of

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Financial Management: The bond pays a semi-annual coupon of 56 and a maturity of

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