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Jack purchased a $2,500 par value bond. The amount of each annual interest payment is $200.00. If Jack paid a premium of $112.65 for the

Jack purchased a $2,500 par value bond. The amount of each annual interest payment is $200.00. If Jack paid a premium of $112.65 for the bond, what is the current yield? O 8.00% O 8.38% O 4.51% 0 7.66%

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