Question: What is the current yield for a $1,000 par value bond that pays interest semiannually, has 12 years to maturity, and is currently selling for

What is the current yield for a $1,000 par value bond

What is the current yield for a $1,000 par value bond that pays interest semiannually, has 12 years to maturity, and is currently selling for $823.62 with a bond equivalent yield of 13%? The current yield is %. (Round to two decimal places.)

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