Question: Question 17 (1 point) Use the following information to answer 16-20. An 8-year, 10 percent semiannual coupon bond, with a par value of $1,000, may

Question 17 (1 point) Use the following information to answer 16-20. An 8-year, 10 percent semiannual coupon bond, with a par value of $1,000, may be called in 3 years at a call price of $1,040. The bond sells for $1,060. What is the bond's current yield? 9.43% 4.72% 6.87% 8.88%

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