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A Treasury bond is quoted at a price of 103:23 with a 4.625 coupon. The bond pays interest semiannually. What is the current yield on

A Treasury bond is quoted at a price of 103:23 with a 4.625 coupon. The bond pays interest semiannually. What is the current yield on one of these bonds?

a. 4.47

b.4.49

c. 4.74

d. 4.46

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