Question: What is the current yield for a bond that has a coupon rate of 5 . 0 % paid annually, a par value of $

What is the current yield for a bond that has a coupon rate of 5.0% paid annually, a par value of $1000, and 29 years to maturity? Investors require a return of 13.4% from the bond. (Round to 100th of a percent and enter as a percentage, e.g.12.34% as 12.34)
Answer:
 What is the current yield for a bond that has a

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