What is the current yield on these bonds

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Question - Blackwell bonds have a face value of $1,000 and currently are trading at a price of $984.00. The bonds have a 5 percent coupon rate. What is the current yield on these bonds?

A. 6.12 percent

B. 5.08 percent

C. 3.18 percent

D. 7.23 percent

Reference no: EM132993370

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