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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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