Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 24 years, the coupon rate is 13% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 24 years, the coupon rate is 13% paid annually, and the discount rate is 15%. What is the bond's Current Yield?

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