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    Exam 6: Fixed Income Securities: Characteristics and Valuation
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    Penny Pincher Discount Grocers Has an 11s 22 Bond That
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Penny Pincher Discount Grocers Has an 11s 22 Bond That

Question 20

Question 20

Multiple Choice

Penny Pincher Discount Grocers has an 11s 22 bond that closed at 102 3/8. What is the current yield on this bond?


A) 10.74%
B) 10.84%
C) 10.78%
D) 11.00%

Correct Answer:

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