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You own a bond with a par value of $1,000 and a coupon rate of 10% (semiannual coupon). You know it has a current yield

You own a bond with a par value of $1,000 and a coupon rate of 10% (semiannual coupon). You know it has a current yield of 8%. What is its yield to maturity? The bond has 5 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). A. 4.38% B. 2.19% C. 0.00% D. 23.00% E. 36.98%

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