Question: The 6 . 7 5 percent, $ 1 , 0 0 0 face value bonds of Mahalo Pineapples are currently selling at $ 9 8

The 6.75 percent, $1,000 face value bonds of Mahalo Pineapples are currently selling at $989.50. These bonds have 12 years left until maturity. What is the current yield?
Multiple Choice
7.59%
6.75%
6.82%
6.58%
7.62%

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