Suppose that last year, the market price for a certain bond was $10,641. Since then, the price has decreased by 10.2%. I

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Suppose that last year, the market price for a certain bond was $10,641. Since then, the price has decreased by 10.2%. I

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Suppose That Last Year The Market Price For A Certain Bond Was 10 641 Since Then The Price Has Decreased By 10 2 I 1
Suppose That Last Year The Market Price For A Certain Bond Was 10 641 Since Then The Price Has Decreased By 10 2 I 1 (35.42 KiB) Viewed 25 times
Suppose that last year, the market price for a certain bond was $10,641. Since then, the price has decreased by 10.2%. If the current yield was 6.5% last year, what is the current yield today? Round your answer to the tenth of a percent.
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