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18734 : suppose we are interested in a six-year, 8% coupon bond. A broker quotes a price of $955.14, if the face value is $1,000.

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18734 : suppose we are interested in a six-year, 8% coupon bond. A broker quotes a price of $955.14, if the face value is $1,000. What is the current yield on this bond? 1. 09.3896 2. 07.38% 3. 08.38% 4. 04.38%

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