Question: hi this is practice problem i am stuggling with. thanks for your help in advance! You are considering a bond with a coupon rate of

hi this is practice problem i am stuggling with. thanks for your help in advance!

You are considering a bond with a coupon rate of 4.5% and the bond is currently valued at $1150. What is the current yield? Answer in percentage format rounded to 2 decimals. For example, 0.05432 would be 5.43

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