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Garvin Enterprises' Bonds Currently Sell for $1,150

Question 39

Multiple Choice

Garvin Enterprises' bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?


A) 7.39%
B) 7.76%
C) 8.15%
D) 8.56%
E) 8.98%

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