Question: A bond has a $1,000 face value and a $900 market value. The bond pays interest semi-annually, has a yield-to-maturity of 8 percent, and matures

A bond has a $1,000 face value and a $900 market value. The bond pays interest semi-annually, has a yield-to-maturity of 8 percent, and matures in 5 years. What is the current yield (which is defined as "Annual Coupon/Price")? 6.15% 4.39% 3.07%

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