Question: 22) Arthur is considering purchasing a 12-year bond that is selling for $1,300. What is the current yield for this bond if it has an

22) Arthur is considering purchasing a 12-year bond that is selling for $1,300. What is the current yield for this bond if it has an 8(%) coupon, paid semi-annually?

A) 3.08%

B) 6.15%

C) 8.00%

D) 4.70%

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