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Del Prete Euro LLC bonds have a face value of l o n 1 , 0 0 0 and are currently quoted at 8 6

Del Prete Euro LLC bonds have a face value of lon1,000 and are currently quoted at 867.25. The bonds
have a coupon rate of 6.5 percent. What is the current yield on these bonds? [Hint: make sure your
calculator is set to 4 decimal places]
6.34%
7.67%
8.47%
7.49%
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