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?
A) 6.58percent
B) 6.82 percent
C) 6.75 percent
D) 7.59 percent
E) 7.62percent
Correct Answer:
Verified
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