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Consider a $1,000 par value bond with a 10% annual coupon. There are 9 years remaining until maturity. Assume that the required return on the

Consider a $1,000 par value bond with a 10% annual coupon. There are 9 years remaining until maturity. Assume that

the required return on the bond is 7%. What is the current yield?

A. 7.00%

B. 8.37%

C. 8.46%

O D. 8.52%

O E. 10.00%

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