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Current Yield What's the current yield of a 8.50 percent coupon corporate bond quoted at a price of 98.45? (Round your answer to 1 decimal

Current Yield What's the current yield of a 8.50 percent coupon corporate bond quoted at a price of 98.45? (Round your answer to 1 decimal place.)

Multiple Choice

8.4%
8.6%
8.5%
9.8%

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