Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have coupon rate of 6.5 percent. What is the current yield on these bonds?
A) 7.45 percent
B) 7.67 percent
C) 7.49 percent
D) 8.03 percent
E) 8.47 percent
Correct Answer:
Verified
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