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Brown Enterprises' bonds currently sell for $1,030. They have a 9-year maturity, an annual coupon of $70, and a par value of $1,000. What is

Brown Enterprises' bonds currently sell for $1,030. They have a 9-year maturity, an annual coupon of $70, and a par value of $1,000. What is their current yield? Select the correct answer.

6.80% 6.86% 6.67% 6.73% 6.93%

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