Ali's 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? * O 8.56% O 7.76% O 8.98% O 8.15%

Essentials Of Investments
11th Edition
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Ali's 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? *
8.56%
O 7.76%
8.98%
8.15%
O 7.39%
Transcribed Image Text:Ali's 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? * 8.56% O 7.76% 8.98% 8.15% O 7.39%
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