A perpetual bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield
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Question:
A perpetual bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.60% and a current price of $1,050.00. What is its current yield?
| 5.84% |
| 5.73% |
| 5.60% |
| 0.00% |
| 6.10% |
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