Suppose you read in the wall street journal that a bond

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Suppose you read in the Wall Street Journal that a bond with face value $1000 has an annual coupon rate of 9.05% and a price of $857.66. What is the bond's current yield?

a. 7.39%

b. 10.55%

c. 9.50%

d. 8.44%

Reference no: EM13565991

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