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Lackawanna Sewer Authority bonds have a face value of $1,000 and are currently quoted at 101.8. The bonds have a 5 percent coupon rate. What

Lackawanna Sewer Authority bonds have a face value of $1,000 and are currently quoted at 101.8. The bonds have a 5 percent coupon rate. What is the current yield on these bonds?

4.02 percent
4.91 percent
5.33 percent
5.94 percent
6.38 percent

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