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MC algo 6-20 Current Yield A bond that pays interest semiannually has a price of $968.49 and a semiannual coupon payment of $28.75. If the

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MC algo 6-20 Current Yield A bond that pays interest semiannually has a price of $968.49 and a semiannual coupon payment of $28.75. If the par value is $1,000, what is the current yield? Multiple Choice 5.94% 5.64% 2.97% .) 2.88% 5.75%

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