An annual coupon bond that matures in 20 years sells for, Finance Basics

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An annual coupon bond that matures in 20 years sells for

Question: An annual coupon bond that matures in 20 years sells for $670.76. It has a face value of $1,000 and a yield to maturity of 10.5 percent. What is the current yield? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: An annual coupon bond that matures in 20 years sells for

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