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A $1,000 par bond has a coupon rate of 8% and pays semi-annual interest. If the bond matures in 14 years and is selling for

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A $1,000 par bond has a coupon rate of 8% and pays semi-annual interest. If the bond matures in 14 years and is selling for $954.65, what is its current yield? 4.19% 8.56% 8.38% 4.28%

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