Question: Suppose that today, the current yield for a corporate bond is 4.4%. If the market price will go down by 26% tomorrow, compute the

Suppose that today, the current yield for a corporate bond is 4.4%.

Suppose that today, the current yield for a corporate bond is 4.4%. If the market price will go down by 26% tomorrow, compute the current yield after the decrease. Round your answer to the nearest tenth of a percent.

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