7. Crystal co. issues a bond which has a coupon rate of 8.2 percent, a $500 par value, matures in 11.5 years, has a yield to maturity of 7.67 percent, and pays interest annually. What is the current yield?
(A) 7.89 percent
(B) 8.32 percent
(C)7.54 percent
(D)8.47 percent
(E) 8.82 percent
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