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3. An 8%, semi-annual coupon bond has a $1,000 face value and matures in 8 years. What is the current yield on this bond if

3. An 8%, semi-annual coupon bond has a $1,000 face value and matures in 8 years. What is the current yield on this bond if the yield to maturity is 7.8%? (Sarnos: 1) 3.4% 7.91% 8.15 O 0%

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