A coupon bond pays annual interest, has a par value of $1,000, matures in 12 years, has a coupon rate of 11%, and has a yield to maturity of 12%. The current yield on this bond is
A) 10.39%.
B) 10.43%.
C) 10.58%.
D) 11.73%.
E) None of the options are correct.
Correct Answer:
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