Bartiromo,Inc.bonds have a 4% coupon rate with semi-annual coupon payments and a $1,000 par value.The bonds have 11 years until maturity,and sell for $925.What is the current yield for Bartiromo's bonds?
A) 2.16%
B) 3.45%
C) 4.32%
D) 5.52%
Correct Answer:
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