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An outstanding corporate bond has a face value of $1,000 and are currently selling at...

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Accounting

An outstanding corporate bond has a face value of $1,000 and are currently selling at $975. The bond has a 6 percent coupon rate. What is the current yield on this bond? Group of answer choices 6.36 percent 5.59 percent 6.15 percent 5.38 percent 5.85 percent

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