Do-Well bonds have a face value of $1,000 and are currently quoted at 106.54. The...
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Do-Well bonds have a face value of $1,000 and are currently quoted at 106.54. The bonds have coupon rate of 7.1 percent. What is the current yield on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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