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A coupon bond that pays interest of $63 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 $63 annually has a par value of $1,000, matures in 5 years, and is selling today at a $76.00 discount from par value. The current yield on this bond is __________.

Multiple Choice

6.30%
6.72%
6.82%
8.11%

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