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7 Nathan Akpan is planning to invest in a seven-year bond that pays semi-annual coupons at a rate of 7 percent. It is currently selling

Nathan Akpan is planning to invest in a seven-year bond that pays semi-annual coupons at a rate of 7 percent. It is currently selling at $957.23. What is the current market yield on this bond? (Round to the closest answer.) 10.1% 8.4% 7.4% 7.80%

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