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Melanie and Rebekah Inc. bonds have a face value of $1,000 and are currently quoted at 92.725. The coupon rate for these bonds is 8
Melanie and Rebekah Inc. bonds have a face value of $1,000 and are currently quoted at 92.725. The coupon rate for these bonds is 8 percent. What is the current yield on these bonds?
a) 8.63%
b) 8.00%
c) 9.27%
d) 8.94%
e) 9.14%
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