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A bond has a yield to maturity of 1211 percent an 115

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A bond has a yield to maturity of 12.11 percent, an 11.5 percent annual coupon, a $1,000 face value, and a maturity date 8 years from today. What is the current yield?

a. 9.47 percent
b. 10.15 percent
c. 10.73 percent
d. 11.50 percent
e. 11.86 percent

Reference no: EM13573254

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