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J. C. Penney has an 11s 22 bond that closed at 102 3/8. What is the current yield on this bond? a) 10.74% b) 10.84%

J. C. Penney has an 11s 22 bond that closed at 102 3/8. What is the current yield on this bond? a) 10.74% b) 10.84% c) 10.78% d) 11.00%

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