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Tallahatchie Technologies has a 9-year bond outstanding that pays $105 annually. The face value of each bond is $1,000 and the bond has a yield

Tallahatchie Technologies has a 9-year bond outstanding that pays $105 annually. The face value of each bond is $1,000 and the bond has a yield to maturity of 10.3 percent. What is the bond's current yield?

8.17%

7.22%

10.38%

9.43%

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