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QUESTION 1 Bonds issued by Multi Media have a par value of 51000, were priced at $960 1 year ago, and are priced at $940

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QUESTION 1 Bonds issued by Multi Media have a par value of 51000, were priced at $960 1 year ago, and are priced at $940 today. The bonds pay annual coupons and just made a coupon payment. If the bonds had a percentage return over the past year (from 1 year ago to today) of 17.00%, then what is the current yield of the bonds today? 19.08% (plus or minus 0.05 percentage points) 15.23% (plus or minus 0.05 percentage points) 19.49% (plus or minus 0.05 percentage points) 14.92% (plus or minus 0.05 percentage points) None of the above is within 0.05 percentage points of the correct

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