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QUESTION 3 A 10 year bond has a par value of $1,000, a 9% coupon, a 7.5% yield to maturity, and a price of $1,100.

QUESTION 3

A 10 year bond has a par value of $1,000, a 9% coupon, a 7.5% yield to maturity, and a price of $1,100. What is the bonds current yield?

		8.18%.
		9.00%.
		6.81%.
		9.90%.

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