Atlantic Shipping Corp. issued a 30-year bond 10 years ago. The bond pays an annual coupon interest of $100 with a par value of $1,000. If the interest rate (i.e. the yield- to-maturity) on the bond is 8%, what is the current yield on the bond? A) 6.69% B) 7.56% C) 8.36% D) 5.00%

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