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A semiannual corporate bond has a face value of $1,000, a coupon rate of 9%, and a time to maturity of 11 years. If the

A semiannual corporate bond has a face value of $1,000, a coupon rate of 9%, and a time to maturity of 11 years. If the yield to maturity is 8%, what is the current yield of the bond?

7.86%

7.11%

8.39%

6.19%

9.42%

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