Determine what is their current yield

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Reference no: EM131964546

Josephs Coproration bonds have 11 years remaining to maturity.

The bonds have a face value of $1,000 and a yield to maturity of 13.2500%. They pay interest annually and have a 8.00% coupon rate.

What is their current yield?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131964546

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