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Perry Inc.'s bonds currently sell for $930. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is

Perry Inc.'s bonds currently sell for $930. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?

Select the correct answer.

a. 9.14%

b. 8.34%

c. 9.94%

d. 10.74%

e. 11.54%

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