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The outstanding annual coupon bonds of Hudson Ferry carry a 10 percent coupon. The bonds have a face value of $1,000 and are currently quoted

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The outstanding annual coupon bonds of Hudson Ferry carry a 10 percent coupon. The bonds have a face value of $1,000 and are currently quoted at 102.9% of face value. What is the current yield on these bonds? 9.72 percent 10.00 percent 10.92 percent 2.90 percent 9.52 percent

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