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An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.) 6.82% 7.31%

An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.)

6.82%

7.31%

7.24%

7.27%

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