Question: What is the current yield for a bond with a par value of $1,000 and a 6% annual coupon rate if the bond sells for

What is the current yield for a bond with a par value of $1,000 and a 6% annual coupon rate if the bond sells for $1,300?

7.50%

6.67%

5.45%

5.00%

4.62%

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