Question: What is the current yield for a bond with a par value of $ 1 , 0 0 0 and a 1 1 . 9

What is the current yield for a bond with a par value of $1,000 and a 11.9% annual coupon rate if the bond sells for $1,205?
Note: Do not enter any symbol. Round your final percent answer to the nearest .01 percent.
Enter only numbers and a decimal point. For example, if your finalanswer is 5.45%, simply enter5.45

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