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- A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has a coupon rate of 10%, and has

- A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has a coupon rate of 10%, and has a yield to maturity of 12%. The current yield on this bond is - A. 10.65%. - B. 10.45%. - C. 10.95%. - D. 10.52%. - E. None of the options are correct

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