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You are considering a corporate bond that pays interest semi-annually, has a par value of $1,000, matures in 8 years, and has a YTM of

You are considering a corporate bond that pays interest semi-annually, has a par value of $1,000, matures in 8 years, and has a YTM of 6%. If the bond's coupon rate is 7%, what is the current yield of the bond? A. 3.18% B. 3.29% C. 6.47% D. 6.59%

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