Question: Question 7 A bond price is $ 1 0 6 0 and the coupon rate is 6 % . The bond pays interest annually. What

Question 7
A bond price is $1060 and the coupon rate is 6%. The bond pays interest annually. What is
the current yield of the bond?
4.82 percent
4.30 percent
5.36 percent
5.66 percent

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