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A bond currently sells for $950. It has an 8-year maturity, an annual coupon of $90, which is paid semiannually, and a par value of

A bond currently sells for $950. It has an 8-year maturity, an annual coupon of $90, which is paid semiannually, and a par value of $1,000. What is its current yield? n so O b.473% 47% Answered 70%

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