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What is the current yield for a 3-year, par value bond with a 7% annual coupon rate, given a price of $800 today? Group of

What is the current yield for a 3-year, par value bond with a 7% annual coupon rate, given a price of $800 today?

Group of answer choices

7.00%

7.25%

7.75%

8.25%

8.75%

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