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b 23. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently
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23. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells for $985. What is the bond's current yield, and yield to maturity? A. Current yield - 8.00%; yield to maturity - 7.92% B. Current yield - 8.12%; yield to maturity = 8.20% C. Current yield - 8.20%; yield to maturity - 8.37% D. Current yield - 8.12%; yield to maturity - 8.37% E. Current yield - 8.12%; yield to maturity - 7.92% Step by Step Solution
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