An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.)

Name: An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.)
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The Answer of An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.)

An Investor Bought an 8% Bond at 110