A $1,000 par value bond is currently valued at $1,055. The bond pays interest semiannually, has 10 years to maturity, and has a yield to maturity of 7.3%. The coupon rate is ________% and the current yield is ________%.
A) 7.80; 6.21
B) 8.00; 7.31
C) 8.00; 7.51
D) 8.08; 7.66
E) 8.50; 8.30
Correct Answer:
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