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Jenny is looking to invest in some five-year bonds that pay semi-annual coupons at 6.25 percent per annum and are currently selling at $912.34. The

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Jenny is looking to invest in some five-year bonds that pay semi-annual coupons at 6.25 percent per annum and are currently selling at $912.34. The face value is $1,000. The current market yield on such bonds is closest to: (USE EXCEL or FINANCIAL CALCULATOR.) Select one: A. 7.44% B. 8.50% C. 8.44% D. 7.50%

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