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A 20-year bond with a coupon rate of 6.5%, semi-annual payments and a Face Value...

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Finance

A 20-year bond with a coupon rate of 6.5%, semi-annual payments and a Face Value of $1,000 has a Yield to Maturity of 6.4%. What is the bonds Current Yield (rounded to two places)?

6.50%

6.43%

6.28%

6.40%

6.49%

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