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can you please explain why the correct answer is 7.61% (Option B)? A bond has a coupon rate of 8.2 percent, a $1,000 par value,
can you please explain why the correct answer is 7.61% (Option B)? A bond has a coupon rate of 8.2 percent, a $1,000 par value, matures in 10 years, has a yield to maturity of 7 percent, and pays interest annually What is the current yield in year 2? a. 8.52 percent b. 7.61 percent c. 7.56 percent d. 8.21 percent e. 7.89 percent
can you please explain why the correct answer is 7.61% (Option B)?
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