Malko Enterprises' bonds currently sell for $1,020.They have a 6-year maturity,an annual coupon of $75,and a par value of $1,000.What is their current yield?
A) 6.91%
B) 6.62%
C) 8.46%
D) 6.40%
E) 7.35%
Correct Answer:
Verified
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