a bond has a coupon rate of 82 percent a 1000 par value matures in 10
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Question
A bond has a coupon rate of 8.2 percent, a $1,000 par value, matures in 10 years, has a yield to maturity of 7 percent, and pays interest annually. What
is the current yield in year 2? O a. 7.61 percent O b. 8.52 percent c. 7.89 percent O d. 7.56 percent O e. 8.21 percent