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a treasury bond is quoted at a price of 106.23 with 7% coupon. The bond pays interest annually. What is the current yield on one

a treasury bond is quoted at a price of 106.23 with 7% coupon. The bond pays interest annually. What is the current yield on one of these bonds?

a. 6.56%

b. 5.19%

c. 6.12%

d. 4.38%

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