A coupon bond pays annual interest,has a par value of $1,000,matures in 12 years,has a coupon rate of 8.7%,and has a yield to maturity of 7.9%.The current yield on this bond is ___________.
A) 8.39%
B) 8.43%
C) 8.83%
D) 8.66%
E) none of the above
Correct Answer:
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