An investor bought a 10 ½% bond at 109. The commission was $5. Compute the current yield. (Round answer to two decimal places.)

Name: An investor bought a 10 ½% bond at 109. The commission was $5. Compute the current yield. (Round answer to two decimal places.)
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The Answer of An investor bought a 10 ½% bond at 109. The commission was $5. Compute the current yield. (Round answer to two decimal places.)

An Investor Bought a 10 ½% Bond at 109