Question: Show Work Please. Global Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1,013. The bonds pay interest annually, mature in

Show Work Please.

Global Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1,013. The bonds pay interest annually, mature in 11 years, and have a yield to maturity of 5.34 percent. What is the current yield?

a. 5.43 percent

b. 5.50 percent

c. 5.77 percent

d. 5.39 percent

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