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Broke Benjamin Co. has a bond outstanding with a coupon rate of 5.41 percent paid...

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Question

Accounting

Broke Benjamin Co. has a bond outstanding with a coupon rate of 5.41 percent paid semiannually and sells for $1,936.98. The bonds have a par value of $2,000 and 17 years to maturity. What is the current yield for these bonds?

Multiple Choice

6.05%

5.31%

5.59%

2.79%

5.41%

Answer & Explanation Solved by verified expert
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