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A $1,000 bond has a coupon rate of 8 percent and matures after 9 years. What would be the bond's current yield if its yield

A $1,000 bond has a coupon rate of 8 percent and matures after 9 years. What would be the bond's current yield if its yield to maturity is 12 percent?

		6.11%
		9.77%
		10.17%
		5.09%
		8.56%

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