Question: What is the current yield for a Bond with a $1,000 par value bond, a 3% annual coupon rate that matures in 5 years, if
What is the current yield for a Bond with a $1,000 par value bond, a 3% annual coupon rate that matures in 5 years, if the opportunity cost is 7%? (Answer as a whole number - percentage, not a decimal).
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