What is the current yield on the bonds

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Question: Mitzi's, II. bonds offer a 5% coupon at a current market price of $989. The bonds have a face value of $1,000 and a call price of $1,025. What is the current yield on these bonds? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131928834

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