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ABC Ltd issued a bond today with a face value of $1,000 and a coupon of 10% that is paid annually. The bond matures in

ABC Ltd issued a bond today with a face value of $1,000 and a coupon of 10% that is paid annually.

The bond matures in two years and the yield to maturity of the bond is currently 8%

The market price of the bond is $

Calculate the current yield of the bond.

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