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Find the current yield of a bond that makes annual payments and has an annual coupon payment of 5% and 12 years to maturity. Assume

Find the current yield of a bond that makes annual payments and has an annual coupon payment of 5% and 12 years to maturity. Assume that bonds of similar risk and quality are returning 7% in the market today.

5.32% 6.01% 16.82% 5.94%

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