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A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at a
A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at a $5.25 discount from par value. The annual current yield on this bond is _________.
| 6.00% |
| 6.03% |
| 6.31% |
| 6.82% |
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