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22. Consider a bond which has a price of $789.29, a coupon rate of 4%, a yield to maturity of 7%, a face value of

22.

Consider a bond which has a price of $789.29, a coupon rate of 4%, a yield to maturity of 7%, a

face value of $1,000, and 10 years to maturity.

What is the current yield?

4.00%

7.00%

7.89%

8.87%

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