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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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