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A 15-Year Bond Has a $1,000 Par Value Bond, a 4

Question 90

Multiple Choice

A 15-year bond has a $1,000 par value bond, a 4 percent coupon, and a yield to maturity of 3.3 percent. Interest is paid annually. The bond's current yield is


A) 3.7 percent.
B) 4.0 percent.
C) 3.3 percent.
D) 7.3 percent.
E) 8.3 percent.

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