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A bond has 6 years until maturity, carries a coupon rate of 9%, and sells for $1,210. What is the current yield on the bond?
A bond has 6 years until maturity, carries a coupon rate of 9%, and sells for $1,210. What is the current yield on the bond?
7.44% | ||
9% | ||
13.44% | ||
0.90% |
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