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A bond with a coupon rate of 7.7% (assume it is paid once annually), maturing in 11 years at a value of $1,000 and a

A bond with a coupon rate of 7.7% (assume it is paid once annually), maturing in 11 years at a value of $1,000 and a current market price of $840 will have a current yield of

Multiple Choice:

9.17%

9.67%

8.17%

10.17%

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