What is the current yield for messinger bonds

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Messenger, Inc. bonds have a 4% coupon rate with semiannual coupon payments and a $1,000 par value. The bonds have 11 years until maturity, and sell for $925. What is the current yield for Messinger's bonds?

A. 3.45%
B. 2.16%
C. 4.32%
D. 5.52%

 

Reference no: EM13273728

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