Current yield with semi annual payments

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Reference no: EM13880238

Current Yield with Semi annual Payments

A bond that matures in 9 years sells for $950. The bond has a face value of $1,000 and a yield to maturity of 9.8764%. The bond pays coupons semi annually. What is the bond's current yield? Round your answer to two decimal places.

Reference no: EM13880238

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