Question: Homework 4A Question 3: A $1,000 par value bond with a 7.16 percent coupon rate, currently selling for $921, has a current yield of _____.

Homework 4A Question 3:

A $1,000 par value bond with a 7.16 percent coupon rate, currently selling for $921, has a current yield of _____. Round the answer to two decimal places in percentage form. Thank you so much!

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