What is current yield on these bonds

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Reference no: EM131303351

Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a 7 percent coupon rate. What is the current yield on these bonds?

7.42 percent

7.67 percent

8.07 percent

9.03 percent

8.47 percent

Reference no: EM131303351

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