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A $1,000 face value bond has a 4.25 percent coupon and sells for $980.00. What is the current yield? Multiple Choice 4.25% 8.50% 4.34% 5.22%

A $1,000 face value bond has a 4.25 percent coupon and sells for $980.00. What is the current yield?

Multiple Choice

4.25%

8.50%

4.34%

5.22%

2.17%

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