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A $ 1 , 0 0 0 face value bond has a 6 . 3 5 percent semi - annual coupon and sells for $

A $1,000 face value bond has a 6.35 percent semi-annual coupon and sells for $960.00. What is the current yield? A)6.61% B)6.75% C)6.82% D)6.89% E)6.99%

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