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If the annual interest rate printed on the face of a bond is 8 percent, the face value of the bond is $1.000, and you

If the annual interest rate printed on the face of a bond is 8 percent, the face value of the bond is $1.000, and you purchase the bond for $500, what is the current yield on the bond? 50 percent. 4 percent. 16 percent. 8 percent

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