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Posted on May 19, 2024

Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 71 3/8, and

Suppose that you read inThe Wall Street Journalthat a bond has a coupon rate of 9 percent, a price of 71 3/8, and pays interest annually. Rounded to the nearest whole percent, what would be the bond's "current" yield?

11%

15%

13%

17%

20%

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