What is the bond current yield

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you are evaluating as an investment a bond that has 20 years to maturity and is currently selling at 122% of par. Its par value is $5,000 and the coupon rate is 4%. The bond makes semiannual coupon payments. The yield curve at 20 years is 2.50. What is the bond's current yield?

Reference no: EM132010599

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