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Problem 11-11 (LO11.6) Determine the current yield on a corporate bond investment that has a...

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Problem 11-11 (LO11.6) Determine the current yield on a corporate bond investment that has a face value of $1,000, pays 6 percent, and has a current price of $835. (Enter your answer as a percent rounded to 2 decimal places.) Current yield 7.00%

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