Current yield with semiannual payments

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Current Yield with Semiannual 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 semiannually. What is the bond's current yield? Round your answer to two decimal places.

Reference no: EM131304671

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