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A bond has a yield to maturity of 9.25 percent, a coupon of 7.25 percent paid semiannually, a $1,000 face value, and a maturity date

A bond has a yield to maturity of 9.25 percent, a coupon of 7.25 percent paid semiannually, a $1,000 face value, and a maturity date 21 years from today. What is the current yield? Multiple Choice 9.46% 7.91% 9.05% 9.38% 8.88%

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