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Fort Collins Realty Partners has a bond issue outstanding that pays a 5.90 percent coupon and matures in 27 years. The bonds have a par

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Fort Collins Realty Partners has a bond issue outstanding that pays a 5.90 percent coupon and matures in 27 years. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid annually. What is the bond's current yield? Select one: a. 5.62% b. 8.12% c. 7.50% d. 6.25% e. 6.87%

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