What is the current yield on these bonds

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Reference no: EM131487603

Do-Well bonds have a face value of $1,000 and are currently quoted at 86.725. The bonds have a 7 percent coupon rate. What is the current yield on these bonds?

A) 8.07 percent

B) 8.47 percent

C) 7.67 percent

D) 7.42 percent

E) 9.03 percent

Reference no: EM131487603

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