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Moving to another question will save this response. Question 38 of 40 Question 38 5 points Save Answer A 16-year, $1,000 face value bond sells for $948 and has an 7% annual coupon rate. The bond's current yield is %. (Please note that the % sign is already in the answer. Please round your answer to 2 decimal places. For example, if your calculation reveals .05678 as the answer, since .05678=5.678% and we round to 2 decimal places (5.68%), so we enter the answer as 5.68) A Moving to another question will save this response. Question 38 of 40 HD
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