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11. An investor pays $920 for a bond with semiannual payment. The bond has an annual coupon rate of 6% and face value of $1000.
11.
An investor pays $920 for a bond with semiannual payment. The bond has an annual coupon rate of 6% and face value of $1000. It has four years to maturity. What is the current yield on this bond?
A. 6%
B. 6.52%
C. 3%
D. 3.26%
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