Question: A ( n ) 9 . 7 % , 2 0 - year bond is callable in 1 2 years at a call price of

A(n)9.7%,20-year bond is callable in 12 years at a call price of $1,080. The bond is currently priced in the market at $663.59. What is the issue's current yield?
The issue's current yield is %.(Round to two decimal places.)
A(n)9.7%,20-year bond is callable in 12 years at a call price

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