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Laura's Design Inc. has a bond with a coupon rate of 12%, maturing in 12 years at $1,000 per bond. The current market price is

Laura's Design Inc. has a bond with a coupon rate of 12%, maturing in 12 years at $1,000 per bond. The current market price is $940. What is the current yield? Multiple Choice a.13.0% b.12.6% c.12.0% d.11.5%

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