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Donna is considering purchasing a 3-year bond that is selling for $1,000. What is the current yield for this bond if it has a 4%

Donna is considering purchasing a 3-year bond that is selling for $1,000. What is the current yield for this bond if it has a 4% coupon, paid semi-annually?

Select one:

a. 4%

b. 3%

c. None of the above

d. 2%

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