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A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 6.75% per year, semiannually. If the bond's price is

A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 6.75% per year, semiannually. If the bond's price is $1,157.37, what is its current yield? A) 5.83% B) 5.43% C) 5.63% D) 5.72% E) 5.96%

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