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What is the current yield of a bond with a $1,000 par value and 5 year maturity that pays $70 annual interest and has a

What is the current yield of a bond with a $1,000 par value and 5 year maturity that pays $70 annual interest and has a price of $660?

a. 10.606%

b. 9.700%

c. 8.480%

d. 4.850%

e. 4.240%

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