Question: What is the current yield for a $ 1,000 par value bond that pays interestsemiannually, has 8 years tomaturity, and is currently selling for $

What is the current yield for a $1,000 par value bond that pays interestsemiannually, has 8 years tomaturity, and is currently selling for $846.78 with a bond equivalent yield of 14%?

CURRENT YIELD?

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