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Ranveer Ltd. issued a $100 par value, 8%, semi-annual, 30-year debenture bond. The bond is presently trading for $120. Calculate the current yield of the

Ranveer Ltd. issued a $100 par value, 8%, semi-annual, 30-year debenture bond. The bond is presently trading for $120. Calculate the current yield of the bond.

6.67%
3.27%
3.24%
6.63%
6.60%

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