Question: The current yield for a bond with a par value of $1,000, an annual coupon payment of $55 and a market price of $1,100 is:

The current yield for a bond with a par value of $1,000, an annual coupon payment of $55 and a market price of $1,100 is:

A)5.5%

B)2.75%

C)2.5%

D)5%

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