What is the current yield of the bond today

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Reference no: EM132031437

Today, a bond has a coupon rate of 6.42 percent, par value of 1,000 dollars, YTM of 8.62 percent, and semi-annual coupons with the next coupon due in 6 months.

One year ago, the bond's price was 1,031.81 dollars and the bond had 14 years until maturity.

What is the current yield of the bond today?

Reference no: EM132031437

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