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A bond has a yield to maturity of 4 . 5 percent, a 6 . 5 percent annual coupon, a $ 1 , 0 0

A bond has a yield to maturity of 4.5 percent, a 6.5 percent annual coupon, a $1,000 face value, and maturity date 5 years from today. What is the current yield? (assume annual compounding)
2.99 percent
3.61 percent
5.61 percent
5.98 percent
7.21 percent
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