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Determine the current yield

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A coupon bond is paying annual interests, has a face value of 7217 HUF, a maturity of 5 years, and a coupon of 0.07. The required rate of return is 0.14. Determine the current yield (CY). Answer with 4 digits in case of a decimal form, and with 2 digits in case of a % form.

Reference no: EM132869548

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