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ieveral years ago the Avanti Corporate Alliance issued a series of $1,000 face value bonds which are currently selling for 1157.36. They currently pay a

ieveral years ago the Avanti Corporate Alliance issued a series of $1,000 face value bonds which are currently selling for 1157.36. They currently pay a 9.38% annual coupon rate on these bonds. What is the current yield on these bonds? a. 3.87% b. 5.41% c. 9.43% d. 11.77% e. 8.10%

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