Mitzi's,II.bonds offer a 5% coupon at a current market price of $989.The bonds have a face value of $1,000 and a call price of $1,025.What is the current yield on these bonds?
A) 4.88%
B) 4.97%
C) 6.00%
D) 5.06%
E) 5.12%
Correct Answer:
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