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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?

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4.40%

17.40%

Cannot be determined without knowing the coupon rate.

8.60%

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