What is its current yield

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A bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.30% and a current price of $920.00. If the bond has 6 years to maturity, what is its current yield?

  • 4.23%
  • 4.34%
  • 0.00%
  • 4.18%
  • 4.05%

Reference no: EM131318657

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