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A bond has a coupon rate of 4.5%. It pays interest semiannually, and it has 12 years remaining until maturity. Currently, the bond's price is
A bond has a coupon rate of 4.5%. It pays interest semiannually, and it has 12 years remaining until maturity. Currently, the bond's price is $952 for every $1000 face value bond. Find this bond's current yield.
A. 4.73%
B. 2.36%
C. 3.84%
D. 5.25%
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