Question: As with most bonds, consider a bond with a face value of $ 1 , 0 0 0 . The bond's maturity is 1 7

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 17 years, the coupon rate is 13% paid annually, and the discount rate is 14%.
What is the bond's Current Yield?
Enter your answer as a percentage, without the '%' sign, and rounded to one decimal. For example, if your answer is 0.031416, which is equivalent to 3.1416%, just enter 3.1

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