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Trader Joe's issued an 8 percent coupon bond, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds
Trader Joe's issued an 8 percent coupon bond, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $960.46. What is the current yield? 0 7.87 percent O 8.32 percent O 8.40 percent O 8.69 percent 0 9.20 percent
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