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Find what is the current yield

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Reference no: EM132534763

Question 1: ABC Enterprises' bonds currently sell for $1,075. They have a 5-year maturity, an 7.5% coupon rate with interest paid semi-annually, and a par value of $1,000. What is their current yield? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Reference no: EM132534763

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