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A bond with a coupon rate of 7.8%, maturing in 12 years at a value of $1,000 and current market price of $860 will have

A bond with a coupon rate of 7.8%, maturing in 12 years at a value of $1,000 and current market price of $860 will have a current yield of (Round your answer to 2 decimal places.)

9.57%

9.07%

8.07%

10.07%

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