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Assume that 10 years ago you purchased a $1,000 bond for $795. The bond pays 12.50 percent interest and will mature this year. Calculate the

Assume that 10 years ago you purchased a $1,000 bond for $795. The bond pays 12.50 percent interest and will mature this year. Calculate the current yield on your bond investment at the time of purchase.

		Current yield: 13.93%.
		Current yield: 14.46%.
		Current yield: 15.15%.
		Current yield: 15.72%.

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