Taylor Bros.bonds have a face value of $5,000,a current market price of $5,248.50,and a coupon rate of 5.3 percent,compounded semiannually.What is the current yield on these bonds?
A) 5.38%
B) 5.05%
C) 5.17%
D) 5.30%
E) 5.41%
Correct Answer:
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