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2 . A bond matures in 5 years and pays a 4 percent annual coupon. The bond has a face value of $ 1 ,

2. A bond matures in 5 years and pays a 4 percent annual coupon. The bond has a face value of $1,000 and currently sells for $887. What is the bonds current yield?
a.7.73%
b.97.50%
c.5.62%
d.4.51%

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