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An annual coupon bond is currently selling at a 9% discount from its face value. The bond price is expected to be $950 in one
An annual coupon bond is currently selling at a 9% discount from its face value. The bond price is expected to be $950 in one year. If the yield-to-maturity of the bond 13%, how much is the expected current yield of the bond?
Group of answer choices
4.40%
17.40%
Cannot be determined without knowing the coupon rate.
8.60%
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