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A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in 5 years, and is selling today at a $15 above par value. The current yield on this bond is _________.
A. 3.53%
B. 8.87%
C. 5.98%
D. 9.15%

Sagot :

The answer would be A
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