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Malko Enterprises' Bonds Currently Sell for $1,050

Question 46

Multiple Choice

Malko Enterprises' bonds currently sell for $1,050.They have a 6-year maturity,an annual coupon of $75,and a par value of $1,000.What is their current yield?


A) 7.14%
B) 7.50%
C) 7.88%
D) 8.27%
E) 8.68%

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