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Question 14 1 pts Find Current Yield. A mutual fund just purchased $10 million in Doolittle bonds at a premium price of $1,048.50 per bond.

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Question 14 1 pts Find Current Yield. A mutual fund just purchased $10 million in Doolittle bonds at a premium price of $1,048.50 per bond. The bonds have an annual coupon rate of 4.6 percent but make semiannual payments. What is the expected current yield on these bonds? (Hint: current yield is time period of one year). 4.39% 4.60% 4.51% 4.42% 4.64%

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