Question: what is the current yield for a bond that has a coupon rate of 8.7% paid annually a par value of $1000 in 20 years

what is the current yield for a bond that has a coupon rate of 8.7% paid annually a par value of $1000 in 20 years to maturity investors require a return of 4.5% of the bond. (Round to the hundredth of a percent and enter as a percentage)

What is the current yield for a bond that has a coupon rate of 8.7% paid annually, a par value of $1000, and 20 years to maturity? Investors require a return of 4.5% from the bond. (Round to 100 th of a percent and enter as a percentage, e.g. 12.34% as 12.34)

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