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A bond with a coupon rate of 7.5%, maturing in 10 years at a value of $1,000 and current market price of $776 will have

A bond with a coupon rate of 7.5%, maturing in 10 years at a value of $1,000 and current market price of $776 will have a current yield of a) 11.3% b) 9.7% c) 8.5%

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