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Compute what is the current yield

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Question 1: Perry Inc.'s bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?

Option a. 8.56%

Option b. 8.15%

Option c. 8.98%

Option d. 7.39%

Option e. 7.76%

Reference no: EM132484900

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