Question: Suppose that you purchased a Baa rated $ 1 0 0 0 annual coupon bond with a 3 . 8 % coupon rate and a

Suppose that you purchased a Baa rated $1000 annual coupon bond with a 3.8% coupon rate and a 10-year maturity at 2% above par value. What would the current yield (in %) be at the time of purchase (4 digits)?

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