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A $1,000 par value bond is currently valued at $1,050. The bond pays interest semi-annually, has 9 years to maturity, and has a yield to

A $1,000 par value bond is currently valued at $1,050. The bond pays interest
semi-annually, has 9 years to maturity, and has a yield to maturity of 7.72 percent. The
coupon rate is ________ percent and the current yield is ________ percent.
A) 8.00; 7.51
B) 7.80; 6.21
C) 8.00; 7.31
D) 8.50; 8.10
E) 8.08; 7.66

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