problem: The Boston Clothing Co. has $1000 face value bond outstanding with a market price of 1012 dollar. The bond pays interest yearly, matures in twelve years, and has a yield to maturity of 7.842%. find out the current yield?
[A] 8.00%
[B] 8.10%
[C] 8.16%
[D] 7.75%
[E] 7.91%