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A semi-annual coupon bond is quoted as 85.94. This bond has 16 years til maturity with a coupon rate of 5%. What is the current

A semi-annual coupon bond is quoted as 85.94. This bond has 16 years til maturity with a coupon rate of 5%. What is the current yield on this bond? (assume face value of the bond = $1,000)

A. 5.82%

B. 4.94%

C. 5.20%

D. 5.67%

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