What is the current yield on one of these bonds

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Reference no: EM13813396

A corporate bond is quoted at a price of 110.5 (% of face value) and carries a 6.0 percent coupon. The bond pays interest semi annually. What is the current yield on one of these bonds?

5.36 percent

5.56 percent

5.04 percent

5.43 percent

4.54 percent

Reference no: EM13813396

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