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A bond currently trades at a price of $948 in the market. The bond offers a coupon rate of 10%, paid annually, and has a

A bond currently trades at a price of $948 in the market. The bond offers a coupon rate of 10%, paid annually, and has a maturity of 8 years. What is the bond's Current Yield?

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Answer Therefore the current yield of the bond is 1055 The current ... blur-text-image

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