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What is the current yield

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Question - Laura's Design Inc. has a bond with a coupon rate of 12%, maturing in 12 years at $1,000 per bond. The current market price is $940. What is the current yield?

A. 13.0%

B. 12.6%

C. 12.0%

D. 11.5%

Reference no: EM132898046

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