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A bond with a coupon rate of 8.0% (assume it is paid once annually). maturing in 9 years at a value of $1,000 and a

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A bond with a coupon rate of 8.0% (assume it is paid once annually). maturing in 9 years at a value of $1,000 and a current market price of $920 will have a current yield of (Round your answer to 2 decimal places.) Multiple Choice 8.70% O 970% 7.70% 9.20%

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