Question: Hello, I'm having trouble figuring this out. Can you help? A company's bonds which have an annual coupon rate of 7.5%, a par value of

Hello, I'm having trouble figuring this out. Can you help?

A company's bonds which have an annual coupon rate of 7.5%, a par value of $1,000, and a 6-year time to maturity, currently sell for $1,050.What is the current yield of the bonds?

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