Question: What is the current yield for a Bond with a $1,000 par value bond, with an 10% annual coupon that matures in 15 years if

What is the current yield for a Bond with a $1,000 par value bond, with an 10% annual coupon that matures in 15 years if the interest rate is 8%?

(Answer as a whole number percentage - i.e. 7.25, not 0.0725)

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