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A $1,000 par value bond paying a 8% semi-annual coupon with 19 years to maturity is priced at $1105

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A $1,000 par value bond paying a 8% semi-annual coupon with 19 years to maturity is priced at $1105. This bond is callable in 11 years at a price of $1,050.

What is this bond's Current Yield?

Group of answer choices

6.93%

7.24%

7.85%

6.54%

Option 1

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Option 2

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