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A $1000 bond has an annual coupon rate of 7%, payments are made quarterly. It matures in 10 years. Comparable debt is yielding 5%. The

A $1000 bond has an annual coupon rate of 7%, payments are made quarterly. It matures in 10 years. Comparable debt is yielding 5%. The price is listed as 115.66. What is the current yield of the bond?

6.05%

5.00%

7.00%

4.32%

5.66%

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