A bond has a $1,000 par value and pays a coupon of 6.5% per year,...

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A bond has a $1,000 par value and pays a coupon of 6.5% per year, semiannually. If the bond's price is $1,104.21, what is its current yield? 01) 5.66% 2) 5.53% 3) 5.78% 4) 5.44% 5) 5.89%

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