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D, why? 16. A bond is trading at a clean price of 99.275 and has an annual coupon of 3%. What is the bonds current

D, why?

16. A bond is trading at a clean price of 99.275 and has an annual coupon of 3%. What is the bonds current yield? a. 3% b. 9.275% C. 9.928% d. 3.022%

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