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A bond is currently selling for $800. It has a coupon rate of 3% with an annual coupon payment. The bond will mature in 5

A bond is currently selling for $800. It has a coupon rate of 3% with an annual coupon payment. The bond will mature in 5 years and as the face value of $1,000. What is the current yield of this bond?

Group of answer choices

A. 5.00%

B. 9.16%

C. 9.36%

D. 8.01%

E. 3.75%

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