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Lotta just purchased a bond from Ahlstrom Inc. The bond has a coupon rate of...

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Finance

Lotta just purchased a bond from Ahlstrom Inc. The bond has a coupon rate of 8% with annual payments and will mature in 10 years at a par value of $1,000. If bonds with the same risk and same maturity have a yield of 6%, what will be the Current Yield on the Ahlstrom's bond over the next year?

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