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Garvin Enterprises' bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?

a. 7.39%

b. 7.76%

c. 8.15%

d. 8.56%

Management Information System, Management Studies

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  • Reference No.:- M9405982

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