What is their current yield

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Reference no: EM13872024

Malko Enterprises’ bonds currently sell for $1,050. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,000. What is their current yield?

a. 7.14%

b. 7.50%

c. 7.88%

d. 8.27%

e. 8.68%

Reference no: EM13872024

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