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QUESTION
The 11.5 percent coupon bonds of the Peterson Co. are selling for $871. The bonds mature in 5 years and pay interest semi-annually. These bonds have...
The 11.5 percent coupon bonds of the Peterson Co. are selling for $871.11. The bonds mature in 5 years and pay interest semi-annually. These bonds have current yield of _____ percent.
Enter your answer in percentages rounded off to two decimal points.
