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in a hurry A bond has a face value of $1,000. It has a coupon rate of 5%. The bond price right now is quoted

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A bond has a face value of $1,000. It has a coupon rate of 5%. The bond price right now is quoted at 70 (that is, a price of $ ) 700). This means if you bought the bond it would provide a current yield of: a. 11.72% b. 5.5% C. 9.25% d. 7.14%

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