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26-05-2023
Mathematics

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A bond that pays interest semiannually has a price of $958.56 and a semiannual coupon payment of $29.50. If the par value is $1,000, what is the current yield?
a. 5.90%
b. 3.08%
c. 5.85%
d. 2.95%
e. 6.16%

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