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Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a 7 percent coupon rate. What is the
Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a 7 percent coupon rate. What is the current yield on these bonds?
| 7.42 percent |
| 7.67 percent |
| 8.07 percent |
| 9.03 percent |
| 8.47 percent |
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