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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 $75.25 premium from par value. The current yield on this bond is _________.
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A. 6%
B. 6.49%
C. 4.73%
D. 5.58%
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
