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TO FINANCE (SPRING 2021) Several years ago the Avanti Corporate Alliance issued a series of $1,000 face value bonds which are currently selling for $1286.54.

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TO FINANCE (SPRING 2021) Several years ago the Avanti Corporate Alliance issued a series of $1,000 face value bonds which are currently selling for $1286.54. They currently pay a 9.68% annual coupon rate on these bonds. What is the current yield on these bonds? Select one: O a. 11.05 % b. 7.52 % c. 6.18 % d. 10.13 % e. 5.07 %

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