Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 11 years, the coupon rate is 6% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 11 years, the coupon rate is 6% paid annually, and the market yield (discount rate) is 16%. What is the bond's Current Yield?

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