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Genova Corporation has a five year 5% annual coupon bond. The Yield to Maturity is 11.43%. Question: What is the current yield on this bond?

Genova Corporation has a five year 5% annual coupon bond. The Yield to Maturity is 11.43%.

Question: What is the current yield on this bond?

Group of answer choices

10.55%

10.46%

6.54%

6.23%

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