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Cash-Registers of America has bonds with a semi-annual coupon payment of $35. The current market price of these bonds is $714.25. What is the annual

Cash-Registers of America has bonds with a semi-annual coupon payment of $35. The current market price of these bonds is $714.25. What is the annual current yield on the bonds? 7.0% 3.5% Cannot be determined 9.8%

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