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Question 22 (3 points) A 12-year, 8.5% annual coupon bond has a yield to maturity of 9.5% and a par value of $1,000. The price

Question 22 (3 points) A 12-year, 8.5% annual coupon bond has a yield to maturity of 9.5% and a par value of $1,000. The price of the bond is $930.16. What is the bond's current yield? a) 10.21% Ob) 6.36% Oc) 9.14% Od) 8.95% e) 2.15%

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