Question: Compute the current yield on a bond with a yield to maturity of 11.8%, a par value of $1000, a coupon rate of 4.1% paid

Compute the current yield on a bond with a yield to maturity of 11.8%, a par value of $1000, a coupon rate of 4.1% paid semi-annually, a remaining life of 13 years? (Round to 100th of a percent)

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