What is the bond''s current yield
Question: A 15-year bond with an 8 percent annual coupon has a face value of $1,000. The bond's yield to maturity is 7 percent. What is the bond's current yield?a. 3.33%b. 5.00%c. 7.33%d. 7.50%e. 8.00%
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A 15-year bond with an 8 percent annual coupon has a face value of $1,000. The bond's yield to maturity is 7 percent. What is the bond's current yield?
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