They pay interest annually and have a 11 coupon rate what


Heath Foods' bonds have 21 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 9%. They pay interest annually and have a 11% coupon rate. What is their current yield? Round your answer to two decimal places.

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Financial Management: They pay interest annually and have a 11 coupon rate what
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