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7. Deke is considering purchasing a 4-year bond that is pricing such that its YTM is 3%. Which of the following is correct if this

7. Deke is considering purchasing a 4-year bond that is pricing such that its YTM is 3%. Which of the following is correct if this bond has a 3.6% coupon, paid semi-annually?

The current yield < 3%
The current yield > 3.6%
The current yield is between 3% and 3.6%
The current yield = 3.3%

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