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Kleine bonds have a face value of $1,000 and are currently quoted at 100.00. The bonds pay coupons semiannually. The bonds have a 5 percent
Kleine bonds have a face value of $1,000 and are currently quoted at 100.00. The bonds pay coupons semiannually. The bonds have a 5 percent YTM. What is the current yield on these bonds?
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