A coupon bond pays annual interest, has a par value of $1,000, matures in 12 years, has a coupon rate of 11%, and has a yield to maturity of 12%. The current yield on this bond is
A. 10.43%.
B. 10.58%.
C. 10.39%.
D. 11.73%.
E. None of the options are correct.
Answer: D
Business
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