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Jenny LePlaz is looking to invest in a five-year bond with a face value of $1,000 that pays annual coupons of 6.25 percent and currently

Jenny LePlaz is looking to invest in a five-year bond with a face value of $1,000 that pays annual coupons of 6.25 percent and currently sells at $900.3. What is the current market yield on such bonds? 8.80% 8.50% 8.70% 8.60%

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