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A 10-year bond with a 1,000 face has a 5% annual coupon and it has a yield to maturity of 6%. What is the current

A 10-year bond with a 1,000 face has a 5% annual coupon and it has a yield to maturity of 6%.

What is the current yield?

Select one:

a. 5.40%

b. 4.32%

c. 7.37%

d. 6.24%

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