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Homework answers / question archive / A coupon bond pays annual interest, has a par value of $1,000, matures in 12 years, has a coupon rate of 8

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?

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