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What the current yield of the bonds is nearest to

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Reference no: EM132931494

Problem 1: The bonds of SWEETIE Corporation currently sell for ?776,250. They have a 6-year maturity, annual interest of ?57,375, and a face value of ?675,000. The current yield of the bonds is nearest to

a. 7.39%

b. 7.76%

c. 8.15%

d. 8.56%

e. 8.98%

Reference no: EM132931494

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