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Consider an 8 % coupon rate payable semi - annually with an R 1 0 0 0 face value and R 8 7 0 .

Consider an 8% coupon rate payable semi-annually with an R1000 face value and R870.50 selling price. The current yield of the bond is closest to ...
Select one:
a.6.60%
b.8.19%
c.9.19%
d.7.89%
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