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A bond with a 3.30 percent coupon rate and a $1,000 par value is quoted at a price of 975.00. The bond pays interest semiannually.

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A bond with a 3.30 percent coupon rate and a $1,000 par value is quoted at a price of 975.00. The bond pays interest semiannually. What is the current yield? 2.94 percent 3.38 percent 3.30 percent 3.33 percent 3.25 percent

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