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An annual bond that is currently selling for $960 has a coupon rate of 8%. It matures in 6years. What is the current yield in

An annual bond that is currently selling for $960 has a coupon rate of 8%. It matures in 6years. What is the current yield in (%)?

a. 8

b. 8.33

c. 8.89

d. 7.89

e. 8.98

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