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A bond that pays interest semiannually has a price of $961.87 and a semiannual coupon payment of $29.25. If the par value is $1,000, what

A bond that pays interest semiannually has a price of $961.87 and a semiannual coupon payment of $29.25. If the par value is $1,000, what is the current yield?

Multiple Choice

5.85%

6.08%

2.93%

5.78%

3.04%

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