Question: Please answer fast and accurately please Jenny LePlaz is looking to invest in a five-year bond that pays annual coupons of 6.25 percent and currently

Please answer fast and accurately please

Jenny LePlaz is looking to invest in a five-year bond that pays annual coupons of 6.25 percent and currently sells at $914.34. What is the current market yield on such bonds? (Round to the closest answer.) 8.37% 8.42% 8.53% 8.61%

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