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A company has a semiannual coupon bond issue that has a coupon rate of 8%, a current price of $1,250. Determine the bonds current yield.

A company has a semiannual coupon bond issue that has a coupon rate of 8%, a current price of $1,250. Determine the bonds current yield.

a. 6.4%

b. 8%

c. 3.2%

d. Cannot be determined without knowing it YTM.

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