The boston clothing co. has 1000 face value bond, Ask an Expert

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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%

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