Question: Calculate the current yield for a $2000 face value bond purchased for $1,984, with an annual coupon of $180, and 30 years to maturity has:

Calculate the current yield for a $2000 face value bond purchased for $1,984, with an annual coupon of $180, and 30 years to maturity has:

Select one:

a.A current yield equal to 9 percent.

b.A current yield equal to 9.07 percent.

c.A current yield equal to -9.07 percent.

d.A current yield equal to -9 percent.

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