A 15-year bond has a $1,000 par value bond, a 4 percent coupon, and a yield to maturity of 3.3 percent. Interest is paid annually. The bond's current yield is
A) 3.7 percent.
B) 4.0 percent.
C) 3.3 percent.
D) 7.3 percent.
E) 8.3 percent.
Correct Answer:
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